Egypt, U.S. presidents to lead Sharm el-Sheikh summit
On Monday, Egypt will host an international peace summit in the Red Sea city of Sharm el-Sheikh, co-chaired by Egyptian President Abdel Fattah al-Sisi...
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.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
A federal jury in Marshall, Texas, ruled on Friday that Samsung Electronics must pay nearly $445.5 million in damages to patent holder Collision Communications for infringing patents linked to 4G, 5G, and Wi-Fi communication standards.
Gold prices rose above $4,000 an ounce for the first time on Wednesday, fuelled by investor demand for safe-haven assets amid rising geopolitical tensions and expectations of U.S. interest rate cuts.
U.S. shares ended Tuesday in negative territory as investors, cut off from official economic data due to the ongoing government shutdown, looked to alternative indicators and comments from Federal Reserve officials for guidance on economic weakness and monetary policy.
Elon Musk’s artificial intelligence startup xAI is targeting a $20 billion capital raise linked to Nvidia hardware, Bloomberg News has reported.
Türkiye’s benchmark stock index, the BIST 100, closed Tuesday at 10,814.11 points, up 0.74% from the previous session.
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