Temasek joins Microsoft, BlackRock and MGX to develop AI infrastructure

Share via:


Temasek has joined a consortium backed by Microsoft, BlackRock and tech investment company MGX to invest and expand artificial intelligence infrastructure, according to BlackRock’s investor day presentation slides on Thursday.

The Singapore state investment company has joined AI Infrastructure Partnership, a group that also includes BlackRock’s Global Infrastructure Partners, the slides showed.

AIP, formed in September with a goal to initially invest more than $30 billion in AI-related projects, is one of the world’s largest efforts to invest in data…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Temasek joins Microsoft, BlackRock and MGX to develop AI infrastructure


Temasek has joined a consortium backed by Microsoft, BlackRock and tech investment company MGX to invest and expand artificial intelligence infrastructure, according to BlackRock’s investor day presentation slides on Thursday.

The Singapore state investment company has joined AI Infrastructure Partnership, a group that also includes BlackRock’s Global Infrastructure Partners, the slides showed.

AIP, formed in September with a goal to initially invest more than $30 billion in AI-related projects, is one of the world’s largest efforts to invest in data…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Anne Wojcicki’s nonprofit reaches deal to acquire 23andMe

Beleaguered genetic testing company 23andMe announced Friday that...

AI tools collect and store data about you from...

Like it or not, artificial intelligence has become...

Quick commerce fuels niche D2C boom in smaller cities

Rapid expansion of quick commerce into smaller cities...

Popular

Upcoming Events