Monday, July 28, 2025

Creating liberating content

Related News

Gold price prediction: Gold prices edged lower last week after briefly touching the ₹1 lakh mark domestically. (AI image) Gold price prediction today: Gold prices are likely to trade sideways

Elon Musk, CEO of SpaceX, has called orbital refueling as the next major engineering hurdle for the company’s ambitious Starship rocket. Speaking at an event, Musk emphasized the complexity of

TCS reported a global workforce of 613,069 employees at the close of June 2025. TCS share price today: Tata Consultancy Services (TCS) shares dropped by 1.7% to reach Rs 3,081.20

Russia’s Nordwind Airlines Boeing 777-200ER takes-off for the first flight connecting Moscow and Pyongyang at Moscow’s Sheremetyevo International Airport. (Picture credit: AP) Russia has started direct commercial flights between Moscow

Top stocks to buy (AI image) Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting July 28, 2025) are VA Tech

NEW DELHI: Amid signals of companies holding back on investment decisions due to the global uncertainty, govt and Invest India have identified Electronics System Design and Manufacturing, non-leather footwear, chemicals,

Trending News

TCS reported a global workforce of 613,069 employees at the close of June 2025. TCS share price today: Tata Consultancy Services (TCS) shares dropped by 1.7% to reach Rs 3,081.20

Russia’s Nordwind Airlines Boeing 777-200ER takes-off for the first flight connecting Moscow and Pyongyang at Moscow’s Sheremetyevo International Airport. (Picture credit: AP) Russia has started direct commercial flights between Moscow

NEW DELHI: Amid signals of companies holding back on investment decisions due to the global uncertainty, govt and Invest India have identified Electronics System Design and Manufacturing, non-leather footwear, chemicals,

NEW DELHI: India is one of the fastest-growing markets for Swiss packaged foods giant Nestle globally, driven by the country’s large consumption base, strong performance of core brands, and entry

Knowledge Realty Trust (KRT), sponsored by realty firm Sattva Group and Blackstone, has got Sebi approval to launch its REIT public offering to raise Rs 4,800 crore. Last month, KRT

BENGALURU: There is not enough room for freshers in India’s top five IT firms. Net additions fell below 10,000 in the June quarter, reflecting ongoing caution amid persistent demand uncertainty.Firms

Musk’s xAI joins $30 billion fund of MS-BlackRock

Word Count: 666 | Estimated Reading Time: 4 minutes


Musk's xAI joins $30 billion fund of MS-BlackRock

Microsoft Corp, the biggest backer of Sam Altman’s OpenAI, and BlackRock Inc, which has an executive on the artificial intelligence startup’s board, are joining forces with one of his chief rivals.
Microsoft and BlackRock said on Wednesday that Elon Musk’s xAI is joining their effort to build $30 billion worth of data centers and other artificial intelligence infrastructure. The AI chipmaker Nvidia Corp, which was already named as a technical adviser to the group when it was announced last year, is also formally joining, according to a statement that didn’t detail member commitments.
Microsoft, which has invested about $13 billion in OpenAI, has increasingly been developing AI outside of that partnership. The software giant has created in-house AI models that it believes can compete with OpenAI, Bloomberg reported this month. Musk, also a co-founder of OpenAI, has meanwhile publicly feuded with Altman over the company’s efforts to shift to a for-profit structure.
The capital demands and enthusiasm for AI have prompted a range of companies and investors to forge alliances to build some of the biggest data centre campuses in the world. US President Donald Trump has touted hundreds of billions of dollars worth of commitments from firms including Softbank Group and OpenAI, which are behind a $100 billion AI investment plan dubbed Stargate.
The Microsoft-backed group will be renamed the AI Infrastructure Partnership, or AIP, and focus on infrastructure investments – including energy projects – mostly in the US, with a portion of the funds to be deployed in partner countries, according to the companies. The plan foresees bringing on additional investors. Clients, including pensions and insurers, are eager for such long-term infrastructure projects, BlackRock chief executive officer Larry Fink said in the statement.
BlackRock and Microsoft last year unveiled the coalition in partnership with MGX, a UAE investment vehicle that is also involved in Stargate, and Bayo Ogunlesi’s Global Infrastructure Partners. The companies said at the time they would seek $30 billion of private equity capital over an unspecified time frame and eventually leverage as much as $100 billion in potential investments.





Source link

Sign In

Welcome ! Log into Your Account