Nvidia and Elon Musk’s xAI have joined forces with a consortium, now called the AI Infrastructure Partnership (AIP), which also includes Microsoft, investment fund MGX, and BlackRock, to advance AI infrastructure in the U.S. This consortium aims to invest more than $30 billion in AI-related projects, primarily focused on developing data centers and energy facilities necessary for powering AI applications like ChatGPT. This initiative follows U.S. President Donald Trump’s announcement of Stargate, a private sector AI infrastructure program with plans to mobilize up to $500 billion.
Currently, investors have pledged $100 billion for immediate deployment, with additional funding anticipated over the next four years. The consortium is addressing the substantial computational power and energy requirements for training AI models, leading to an increased demand for specialized data centers. To support these needs, AIP is seeking funding from various investors and corporations, with a goal of raising up to $100 billion, including debt financing.
Additionally, the consortium has brought in GE Vernova and NextEra Energy, which will focus on supply-chain planning and high-efficiency energy solutions. AIP plans to concentrate its investments on U.S. partners and collaborate with the Organization for Economic Cooperation and Development (OECD).
Alexandra Reed is a seasoned 35-year-old tech enthusiast with over a decade of experience exploring the evolving landscape of technology. Having immersed herself in the tech world from a young age, she has witnessed firsthand how innovation steadily transforms our society. Today, Alexandra combines her deep industry insights with a passion for demystifying complex tech topics to create engaging and insightful content for tech enthusiasts of all levels
