Microsoft and BlackRock have partnered to raise $30 billion to develop data centers for their AI ventures and the energy infrastructure to power them.

Microsoft, Amazon and BlackRock are among the employers that have reportedly had repeated rounds of layoffs in recent months.

Layoffs have hit companies from Disney to Meta to Intel this year amid a backdrop of cost-cutting and technological change.

Microsoft, BlackRock and others are teaming up on a new effort to bring investments to the U.S. AI sector. The partners are looking to grow the U.S.'s position in AI data centers and power generation.

He also collaborated with Microsoft to help enhance Copilot, based on input from BlackRock’s early adopters. In all, BlackRock, a global company based in New York City, purchased more than 24,000 ...

BlackRock Inc. and Microsoft Corp. are part of a new group that plans to invest up to $100 billion to build data centers and energy projects to support the rapid development of artificial intelligence ...

Microsoft, BlackRock to launch $30 billion fund for AI infrastructure. By Reuters. September 18, 2024 1:08 AM UTC Updated September 18, 2024 Item 1 of 2 A view shows a Microsoft logo ...

Investment powerhouse BlackRock is set to launch a massive AI-focused fund, exceeding $30 billion, in collaboration with Microsoft and the Abu Dhabi-backed investment outfit MGX, the FT reported ...

Investing.com -- Moody’s Ratings has affirmed BlackRock (NYSE: BLK ), Inc.’s backed senior unsecured Aa3 ratings while ...

SINGAPORE, June 12 (Reuters) - Temasek has joined a consortium backed by Microsoft (MSFT.O), opens new tab, BlackRock (BLK.N), opens new tab and tech investment company MGX to invest and expand ...