Elon Musk’s Ai Start Up (Xai), Nvidia (NVDA) Join Microsoft, Blackrock, MGX AI Fund
Two of the biggest forces in artificial intelligence (AI) – Elon Musk’s Xai and Nvidia – joined the MGX group’s Blackrock, Microsoft and Investment Fund to expand AI infrastructure throughout the US, companies announced Wednesday.
The Fund – called the AI Infrastructure Partnership – in its formation in September last year, said it plans to launch with more than $ 30 billion in initial funding. The goal is to develop data centers and energy projects needed to empower large AI models.
Nvidia will also serve as a technical advisor for the group, which it announced last year.
Nvidia should join the efforts two months after US President Donald Trump announced the development of Stargate, a private adventure that intends to develop up to 20 large AI data centers in the US in collaboration with Openai, Oracle and Softbank.
The first data center will be built in Abilene, a small city in Texas, completed by mid -2026, Bloomberg reported Yesterday. It will have a space for approximately 400,000 of Nvidia’s AI chips and a capacity of 1.2 gigawatts of power.
