Tech Giants Unite to Form $30B AI Super Squad

A coalition of major tech and investment firms, including Nvidia, Microsoft, BlackRock, MGX and xAI, has joined forces to develop AI infrastructure that will support the next generation of artificial intelligence applications.

The $30 billion initiative, known as the AI Infrastructure Partnership, aims to expand data centers, computing power, and energy resources to keep up with the rapidly growing demands of AI technology. The project is expected to attract additional funding, potentially scaling to $100 billion through a mix of equity and debt financing.

With AI breakthroughs requiring unprecedented computing power, this partnership reflects a global race to build the backbone for future AI innovations. Industry leaders recognize that infrastructure bottlenecks could slow AI progress, making large-scale investment in high-performance computing and energy solutions critical for sustained development.

This move follows a trend of massive investments in AI infrastructure, with companies worldwide racing to support the growing needs of AI-driven advancements.