BlackRock’s AI Infrastructure Partnership (AIP) has expanded with the addition of NVIDIA and Elon Musk’s xAI, aiming to develop AI infrastructure and energy solutions.

Initially announced in September 2024, AIP plans to mobilize 100 billion USD, having already activated 30 billion USD in capital aimed at building AI-ready infrastructure.

AIP collaborates with GE Vernova and NextEra Energy to ensure reliable renewable energy sources for AI data centers, emphasizing the potential of AI in transforming the economy.