The Global AI Infrastructure Investment Partnership will seek to raise $30 billion to invest in data centers and infrastructure.

Microsoft, BlackRock, and two investment firms formed a partnership to invest in artificial intelligence infrastructure projects.

Jensen Huang recently said that AI was more of an infrastructure than a group of chips. Now, Microsoft (MSFT) and BlackRock are partnering to fund AI infrastructure in the U.S. On Sept. 17 the software stalwart and the asset-management titan said they'd join the Global Artificial Intelligence Infrastructure Investment Partnership,

Investors hoping artificial intelligence will be a big driver of returns this decade may not yet have picked up that AI isn’t really about machines becoming smarter than humans, or robots stealing jobs.

Microsoft, BlackRock, Global Infrastructure Partners, and Abu Dhabi’s MGX have teamed up to launch the Global AI Infrastructure Investment Partnership (GAIIP). The GAIIP aims to mobilise up to $100bn in total investment potential,