BlackRock, Nvidia-backed group strikes $40 billion AI data center deal
An investor group including BlackRock, Microsoft and Nvidia is buying one of the world's biggest data center operators with nearly 80 sites in a deal worth $40 billion to secure coveted computing capacity for artificial intelligence.
The purchase of U.S.-based Aligned Data Centers from Australian Macquarie Asset Management (MQG.AX) on Wednesday is the first deal for the AI Infrastructure Partnership formed last year which also includes Abu Dhabi-based fund MGX and Elon Musk's startup xAI among its backers.
"With this investment in Aligned Data Centers, we further our goal of delivering the infrastructure necessary to power the future of AI," said BlackRock CEO Larry Fink, who also serves as the chairman of the AI Infrastructure Partnership.
DEALS TO SNAP UP CHIPS AND INFRASTRUCTURE
The acquisition is the latest in a series of big-ticket deals from Big Tech and Silicon Valley startups that has been fueled by the boom in AI.
