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.

BlackRock will launch an artificial-intelligence fund with software giant Microsoft worth around $30 billion to build data centers and energy projects.The AI partnership will likely feed the growing hunger for computing capacity,

BlackRock is preparing to launch a more than $30bn artificial intelligence investment fund with technology giant Microsoft to build data centres and energy projects to meet growing demands stemming from AI, people briefed about the matter said.