BlackRock and Microsoft, along with other institutions, have created the Global AI Infrastructure Investment Partnership (GAIIP). This partnership seeks to raise up to $100 billion to invest in artificial intelligence (AI) infrastructure, primarily in the United States.
Investments will focus in the construction and expansion of data centers to meet the growing demand for computing power, as well as energy infrastructure to create new sources of energy for these facilities, as stated informed in a statement. The intention is to boost AI innovation and economic growth, with a focus on the United States and its partner countries.
In addition to BlackRock and Microsoft, the partnership includes Global Infrastructure Partners (GIP) and MGX, a company specializing in energy infrastructure. These companies seek to support an open architecture and a broad ecosystem that enables the sustainable development of AI.
As part of the support, Tech giant NVIDIA announced its support for GAIIPoffering its expertise in AI data centers and AI factories to benefit the ecosystem. This includes improving AI supply chains and energy sourcing, the companies say.
“GAIIP will also actively collaborate with industry leaders to help improve AI supply chains and energy procurement for the benefit of its customers and the industry,” the statement said.
Initially, the partnership will seek to unlock $30 billion of private capital from investors over time, asset owners and companies, which in turn will mobilize up to USD 100 billion in total investment potential including debt financing.
“GAIIP combines deep infrastructure and technology knowledge to drive efficient data center scaling, with investment capabilities in power, energy and decarbonization for AI-related enabling infrastructure,” the companies said.
Larry Fink, Chairman and CEO of BlackRock, said the partnership “will unlock a multi-billion dollar long-term investment opportunity.”
“Data centers are the foundation of the digital economy, and these investments will help drive economic growth, create jobs and fuel AI technology innovation,” Fink said.
It is relevant to mention that BlackRock, one of the world’s leading institutional investors, has shown interest in supporting emerging technologies, including its support for bitcoin and its technologyas well as tokenization funds and, now, artificial intelligence.
For his part, Satya Nadella, president and CEO of Microsoft, commented that they are “committed to ensuring that AI helps advance innovation and drive growth in all sectors of the economy.”
“The Global AI Infrastructure Investment Partnership will help us deliver on this vision as we bring together financial and industry leaders to build the infrastructure of the future and power it sustainably,” he said.
This collaboration between tech and financial giants not only promises a significant boost to AI infrastructure, but also has the potential to redefine the global economic and technological landscape.
GAIIP’s impact on the cryptocurrency ecosystem
The formation of the Global AI Infrastructure Investment Partnership represents a significant advancement in data center and energy infrastructure for artificial intelligence. It also promises a positive impact on the AI-linked cryptocurrency ecosystem, which have been gaining relevance.
AI-linked cryptocurrencies such as Internet Computer (ICP), Fetch.ai (FET), and The Graph (GRT) have shown remarkable performance in 2024, reflecting the growing confidence in AI. synergy between blockchains and artificial intelligence.
As such, the GAIIP partnership could further strengthen this trend by providing the infrastructure needed to scale AI projects operating on blockchains, improving their efficiency and processing capacity.
In the field of workloads and types of work with AI within the cryptocurrency ecosystem, GAIIP infrastructure could be crucial. As reported by CriptoNoticias, AI can optimize cryptocurrency mining, reducing energy costs and improving the efficiency of mining algorithms.
New data centers could host more efficient mining operations, using AI algorithms to select and execute mining operations under optimal times and conditions. Additionally, AI can be used in algorithmic trading, where it can analyze large volumes of data in real time to trade cryptocurrencies, facilitating the creation of platforms that make decisions based on predictive and market analysis.
Cryptocurrency portfolio management would also benefit, with AI automating investment recommendations based on market analysis, trends and historical patterns, all of which require a robust infrastructure for data processing.
In security and fraud detection, AI improves protection in cryptocurrency transactions by detecting anomalous patterns that could indicate fraud or cyberattacks. GAIIP infrastructure would be essential to deploy AI systems that monitor and protect blockchain networks.
In the development of smart contractsartificial intelligence can help in the creation and optimization of smart contracts, ensuring that they are more efficient and secure. GAIIP-powered data centers could be essential for the development and testing of these contractsFurthermore, AI can be used to analyze blockchains for internal analysis, such as transaction traceability or market behavior prediction, where GAIIP infrastructure would facilitate massive data processing.
The GAIIP association not only promotes the infrastructure needed for AI but It could also be a catalyst for growth and innovation in the cryptocurrency sector.taking advantage of processing capacity and energy for critical tasks that demand high computing capacity and real-time data analysis.
This article was created using artificial intelligence and edited by a human on the editorial staff.