BlackRock, Nvidia-backed group strikes $40 billion AI data center deal (www.reuters.com)
from geneva_convenience@lemmy.ml to technology@lemmy.ml on 15 Oct 15:12
https://lemmy.ml/post/37574449

Oct 15 (Reuters) - An investor group, including BlackRock and Nvidia (NVDA.O), will buy Aligned Data Centers from Macquarie Asset Management (MQG.AX) in a deal worth $40 billion, the companies said on Wednesday, as AI infrastructure expansion powers on.

The deal underscores an intensifying race to expand the costly, supply-constrained infrastructure required to develop artificial intelligence technology, as companies rush to build sophisticated AI models.

#technology