BlackRock Inc (NYSE:BLK) announced that along with its subsidiary Global Infrastructure Partners (GIP), Microsoft Corp (NASDAQ:MSFT), and MGX, has given major updates to the AI Infrastructure Partnership (AIP),

Elon Musk’s xAI and Nvidia — have joined BlackRock, Microsoft and investment fund MGX’s group to expand AI infrastructure across the U.S., the companies announced Wednesday. The fund — called the AI Infrastructure Partnership — at its formation in September of last year,

Nvidia and Elon Musk’s xAI have joined a consortium backed by Microsoft, investment fund MGX and BlackRock to expand AI infrastructure in the US, the companies said Wednesday, as a global race to dominate the nascent technology intensifies.