Blackrock and Microsoft Team up to Invest in AI
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Blackrock and Microsoft Team up to Invest in AI
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AI is already dangerous. The last thing the industry needs is groups like Blackrock at the helm. Intervene, oh Lord!
From CNBC. Microsoft and BlackRock are part of a group of companies collaborating to pull together up to $100 billion to develop data centers for artificial intelligence and the energy infrastructure to power them.
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The companies are part of the Global Artificial Intelligence Infrastructure Investment Partnership, or GAIIP, which was announced in a press release on Tuesday. The other participants are Global Infrastructure Partners, or GIP, an infrastructure investor that is being acquired by BlackRock, and MGX, a tech investor in the United Arab Emirates. …
The group aims to assemble $30 billion of initial capital, with a future goal of bringing in up to $100 billion, including from debt financing. …
In January, BlackRock announced its intent to acquire GIP for $3 billion in cash and around 12 million shares of BlackRock common stock. BlackRock said last week that it expects the deal to close Oct. 1. …
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(Excerpt from CNBC. Photo Credit: Wikimedia Commons)
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Lord of hope, we pray that you would enliven the gift of discernment in all those you have chosen. We are entering these days in which our adversary is emboldened to twist and use everything against us. Please empower your Spirit within us to become aware of dangers and pitfalls in traps the adversary sets for us. Give us strategies and wisdom to overcome every obstacle and trap the enemy of our souls uses to ensnare us. For we know You are our guiding light and sure defense in times of distress and our enemies will surely stumble and fall in your presence. We bless your Holy name. Amen