NVIDIA, xAI Join MGX, BlackRock and Microsoft in AIP
BlackRock’s Global Infrastructure Partners (GIP), Microsoft, and the UAE-based MGX on Wednesday announced that NVIDIA and Elon Musk’s xAI will join the Global AI Infrastructure Investment Partnership, now named the AI Infrastructure Partnership (AIP).
NVIDIA will also continue in its role as a technical advisor to AIP, leveraging its expertise in accelerated computing and AI factories to inform the deployment of next-generation AI data centre infrastructure.
Additionally, GE Vernova and NextEra Energy have agreed to collaborate with AIP to accelerate the scaling of critical and diverse energy solutions for AI data centers. GE Vernova will also work with AIP and its partners on supply chain planning and in delivering innovative and high efficiency energy solutions.
AIP has attracted significant capital and partner interest since its inception in September 2024, highlighting the growing demand for AI-ready data centers and power solutions. The partnership will initially seek to unlock $30 billion in capital from investors, asset owners, and corporations, which in turn will mobilise up to $100 billion in total investment potential when including debt financing.
By investing in next-generation AI data centers and energy infrastructure, AIP is not just expanding capacity but is shaping the future of AI-driven economic growth.
The addition of both NVIDIA and xAI, each a global AI technology leader, reinforces AIP’s commitment to scaling an open-architecture platform and fostering a broad ecosystem that supports a diverse range of partners on a non-exclusive basis. AIP’s investments will primarily focus on the US as well as OECD and also the US partner countries, driving AI innovation, economic expansion, and the advancement of critical digital and energy infrastructure.
AI Underpins Future
H H Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi, and Chairman of MGX, said that AI is not just an industry of the future, it underpins the future.
He added: “As we welcome new partners to the AI Infrastructure Partnership, we will accelerate innovation and technological breakthroughs to achieve transformational productivity gains across the global economy. Our singular focus is accelerating AI’s responsible and inclusive development for the benefit of humanity.”
NVIDIA’s founder and CEO Jensen Huang said that the global buildout of AI infrastructure will benefit every company and country that wants to achieve economic growth and unlock solutions to the world’s greatest challenges. AI factories built on NVIDIA’s full-stack AI infrastructure will convert data into intelligence that will accelerate every industry and help society achieve unimaginable breakthroughs.
Microsoft Chairman and CEO Satya Nadella said that AI infrastructure will play an increasingly critical role in driving economic growth across every industry and every region of the world.
BlackRock Chairman and CEO Larry Fink said that AI has the potential to transform the global economy if companies can build the necessary infrastructure to support it.
“This unparalleled partnership of leading global companies across the AI ecosystem brings technology expertise together with private capital to meet this demand and creates unique investment opportunities for our clients. This partnership also demonstrates the powerful combination of BlackRock’s global relationships with GIP’s infrastructure capabilities,” he added.
NextEra Chairman and CEO John Ketchum said that in order to realise the full potential of AI, we must develop and support the energy infrastructure and data centers that will fuel this technology. Doing this will require an all forms of energy solution that leverages ready-now renewables and battery storage coupled with gas-fired and nuclear generation in the future.
