The group aims to assemble $30 billion of initial capital, with a future goal of raising $100 billion, including from debt financing.

BlackRock and Microsoft are launching a $30 billion fund to tackle the infrastructure demands of AI advancements.

Run through BlackRock's Global Infrastructure Partners fund, which it acquired for $12.5bn earlier this year, the 'Global AI Investment Partnership,' plans to raise up to $30bn in equity investments. Another $70bn could come via leveraged debt financing.