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.
Russia’s Human Rights Commissioner Tatyana Moskalkova says the Kyiv authorities have still not provided Moscow with a list of thousands of Ukrainian...
Delegations from the United States and Ukraine arrived in Berlin on Sunday for talks on a U.S.-backed peace plan, after being received by German Chanc...
Iran has rolled out changes to how fuel is priced at the pump. The move is aimed at managing demand without triggering public anger....
Chileans head to the polls on Sunday for a presidential runoff that could deliver the country’s strongest move to the right since the end of militar...
An explosive device found in a vehicle linked to one of the alleged attackers in Bondi shooting has been secured and removed according to Police. The ...
Starting this week, millions of Indians will receive one year of free access to OpenAI’s new, low-cost ChatGPT Go AI chatbot.
U.S. President Donald Trump will host more than two dozen technology and business leaders on Thursday for a dinner in the newly renovated White House Rose Garden, a White House official said.
The European Commission has said it does not view imposing network fees on major technology firms as a practical solution to the ongoing debate over funding the expansion of 5G and broadband infrastructure across the bloc.
Wall Street’s main indexes surged on Monday, driven by gains in technology stocks, after the White House announced exemptions for smartphones and computers from new tariffs on Chinese imports. However, additional levies on semiconductors are still expected later this week.
The Oligarch’s Design is an investigative documentary exploring how financial power, political influence and carefully constructed narratives can shape conflict and public perception.
Turkish President Recep Tayyip Erdoğan reiterated his offer to host Ukraine-Russia peace talks in Ankara, at his meeting with Russian President Vladimir Putin. The talks took place on the sidelines of the international Forum for Peace and Trust in Ashgabat, Turkmenistan, on Friday (12 December).
Iranian authorities have seized a foreign tanker carrying more than 6 million litres of smuggled fuel in the Sea of Oman, detaining all 18 crew members on board.
An explosive device found in a vehicle linked to one of the alleged attackers in Bondi shooting has been secured and removed according to Police. The incident left 12 people dead.
Russian forces struck Ukraine’s southern port city of Odesa for a second consecutive day on Saturday (13 December), deploying Kinzhal hypersonic missiles for the first time in the conflict, Ukrainian authorities said.
Iran has rolled out changes to how fuel is priced at the pump. The move is aimed at managing demand without triggering public anger.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) cut its benchmark interest rate by 25 basis points to a range of 3.50% to 3.75% following its two-day policy meeting, according to an official statement issued on Wednesday, 10 December.
China has carried out a major test of a new “super wireless” rail convoy, a technology that could reshape the future of heavy-haul transport.
Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes battle that had appeared to end last week when Netflix secured a $72 billion deal for the studio giant’s assets.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment