AI
BlackRock, Nvidia-backed group strikes $40 billion data center deal to fuel AI boom
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An investment consortium that includes BlackRock, Nvidia, xAI and Microsoft will acquire Aligned Data Centers in a deal worth $40 billion, the companies said on Wednesday.
The deal underscores an intensifying race to expand the costly, supply-constrained infrastructure required to power artificial intelligence technology, as companies rush to build the most sophisticated AI models.
The acquisition follows a slew of mega-deals focused on securing coveted compute capacity. ChatGPT creator OpenAI has in recent weeks unveiled agreements totaling about 26…
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