In a significant move amid the global race for artificial intelligence dominance, Nvidia and Elon Musk’s xAI have joined a consortium backed by Microsoft and BlackRock to expand AI infrastructure across the United States.
The group, originally formed last year with plans to invest more than $30 billion in AI-related projects, is one of the largest efforts to finance the data centers and energy facilities needed to power AI applications like ChatGPT.
The consortium, which has recently rebranded itself as the AI Infrastructure Partnership (AIP), is now broadening its membership with the additions of Nvidia and xAI, further enhancing its technical and strategic capabilities. Nvidia will continue its role as a technical advisor, while xAI’s participation underscores the growing influence of Elon Musk’s initiatives in the artificial intelligence space.
Training AI models and processing large-scale data require immense computational power—a demand that significantly increases energy consumption. To meet these needs, AIP is focused on building specialized data centers and developing energy solutions that can handle the rigorous power demands of next-generation AI technologies. The partnership is actively seeking to mobilize up to $100 billion, including debt financing, from investors, asset owners, and corporations.
The renewed momentum for AIP comes just two months after U.S. President Donald Trump announced Stargate, a separate private-sector AI infrastructure initiative backed by SoftBank Group, OpenAI, and Oracle, with plans to mobilize up to $500 billion. While investors in Stargate have committed $100 billion for immediate deployment, the AIP consortium’s efforts signal a parallel drive to strengthen the AI foundation in the U.S. market.
In addition to its core tech players, the consortium includes major institutional investors such as Abu Dhabi-backed MGX and BlackRock’s Global Infrastructure Partners. Utility giants GE Vernova and NextEra Energy have also joined, with NextEra set to contribute through supply-chain planning and high-efficiency energy solutions, ensuring that the growing network of data centers operates sustainably.
“AIP has attracted significant capital and partner interest since its inception, and our focus remains on U.S. partners and organizations within the OECD,” the group stated in a release. As the competition to build a robust AI infrastructure intensifies, the collaboration between these leading tech and investment firms is expected to play a crucial role in shaping the future landscape of artificial intelligence in the United States.
An overnight fire at a popular bar in Bangkok has killed at least 30 people and injured 70 others, making it one of the deadliest pub disasters in ...
The United States carried out a third consecutive night of airstrikes against Iran, targeting military capabilities around the Strait of Hormuz as Don...
Afghan authorities in Kabul and Herat have sought wider investment, trade and environmental cooperation with Uzbekistan, Russia, Kazakhstan, Iran and ...
Governments are tightening restrictions on teenagers’ use of social media amid growing concerns over mental health, online safety and platform design, but questions remain over enforcement and whether bans can meaningfully change behaviour.
Australia will introduce new laws in parliament on Monday to strengthen its under-16 social media ban and give its internet regulator more power to pursue tech giants in court for non-compliance.
The Spanish government has issued a defiant message to Silicon Valley, confirming it will push ahead with stringent new legislation designed to make social networks and Artificial Intelligence (AI) demonstrably safer.
Shares in Meta Platforms fell sharply in extended trading on Wednesday after the tech giant raised its annual capital spending forecast by billions of dollars.
The 4th Shusha Global Media Forum will bring together nearly 160 media leaders, experts and officials from 54 countries in Azerbaijan's historic city of Shusha on 13-14 July, to discuss journalism’s role in peacebuilding, restoring public trust and tackling challenges.
The U.S. has launched fresh strikes on Iran after Tehran targeted a container ship and said it had again closed the Strait of Hormuz. Iran also claimed to have expanded attacks on U.S. military facilities across the Gulf.
Typhoon Bavi, the strongest storm to hit the eastern coast of mainland China this year, brought heavy rain, strong winds, flooding and landslides after making landfall in Zhejiang province on Sunday. More than 2.8 million people were evacuated to safety ahead of the storm.
President Ilham Aliyev is holding his annual question-and-answer session with international journalists at the 4th Shusha Global Media Forum in Azerbaijan.
The United States and Iran have significantly escalated their conflict, exchanging heavy missile and drone strikes across the Gulf region. Iran claims it has once again closed the Strait of Hormuz, a vital global shipping route.
China has approved fast-fashion retailer Shein's long-awaited initial public offering (IPO) in Hong Kong, clearing the way for the company to pursue a stock market listing after previous attempts in the U.S. and London failed.
European carmakers have urged the European Union to make sure new “Made in EU” rules do not put existing investments in Türkiye and Morocco at risk.
Microsoft is expected to announce a new round of job cuts as early as next week as the technology giant looks to reduce costs, according to reports.
A Swedish court has ordered Alphabet-owned Google to pay about $1.5 billion in antitrust damages to price comparison platform PriceRunner, in one of Europe's largest competition-related awards against a major technology company.
U.S. President Donald Trump earned more than $1bn from cryptocurrency-related business ventures last year, according to his mandatory 2025 financial disclosure.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment