BlackRock is planning to launch a more than $30 billion artificial intelligence investment fund with Microsoft to build data centers and energy projects to meet growing AI-related demands.
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MGX, the Abu Dhabi-backed investment company, will be a general partner in the fund, while AI chip firm Nvidia will provide expertise. 

 Focus Areas: The primary focus of this investment will be on AI data centers and energy projects, which are critical for the growing demands of AI applications. The initiative is expected to not only bolster AI capabilities but also address the increasing need for energy infrastructure to support these technologies.