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Microsoft, BlackRock to launch $30 billion fund for AI infrastructure
Reuters ^ | 9/17/2024 | Harshita Mary Varghese

Posted on 09/18/2024 5:18:59 AM PDT by Nifty

BlackRock and Microsoft plan to launch a more than $30 billion fund to invest in artificial intelligence infrastructure to build data centers and energy projects, the companies said on Tuesday.

AI models, especially those used for deep learning and large-scale data processing, require substantial computational power, leading to higher energy consumption.

The computing requirements for AI have dictated that tech companies string together thousands of chips in clusters to achieve the necessary amount of data crunching power, leading to a surge in the demand for these specialized data centers....

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: ai; blackrock; cyberdyne; microsoft
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I wonder who in DC will make their next million from this?
1 posted on 09/18/2024 5:18:59 AM PDT by Nifty
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Comment #2 Removed by Moderator

To: Nifty

3 posted on 09/18/2024 5:23:41 AM PDT by z3n (Kakistocracy)
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To: Nifty

This should be treated like a utility and no one should have a monopoly on AI infrastructure. Screw Gates and the rest of the oligarchy. They surely aren’t doing this because of their altruism.


4 posted on 09/18/2024 5:25:27 AM PDT by neverevergiveup
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To: z3n

Billionaire Eric Schmidt said he was disappointed that the military had failed to field killer robots in Ukraine.

He also advocates stealing ideas and data in the name of the cause, what ever Mr.Schmidt determines the cause to be.

The cause could easily be to eliminate those pesky Mega Magas, who knows ?


5 posted on 09/18/2024 5:29:45 AM PDT by OldHarbor
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To: Nifty

It is odd to me how all of a sudden everyone is pushing AI. It is as if someone sprinkled AI knowledge and tools from an aeroplane which flew across the World. Many websites has I frequent suddenly are preaching they have AI. Please, try it! For months I have been wondering what is up?


6 posted on 09/18/2024 5:33:35 AM PDT by PghBaldy (12/14/12 - 930am -rampage begins... 12/15/12 - 1030am - Obama team scouts photo-op locations.)
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To: Nifty

“Blue Screen of Death II”


7 posted on 09/18/2024 5:36:20 AM PDT by Zathras
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To: PghBaldy

BTTT


8 posted on 09/18/2024 5:41:44 AM PDT by nopardons
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To: Nifty

Nobody ever talks about the carbon footprint of data centers.....


9 posted on 09/18/2024 5:50:16 AM PDT by wildcard_redneck (He who sacrifices freedom for security deserves neither.)
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To: Nifty

because they think AI will help them control everything


10 posted on 09/18/2024 5:54:04 AM PDT by butlerweave
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To: neverevergiveup

OMG... please, if you’re going to throw stones, please at least be informed. GATES HAS NOTHING TO DO WITH THIS! He’s been disconnected from Microsoft for a decade. Not saying he’s not a terrible person just that he’s not involved in this work.


11 posted on 09/18/2024 5:56:18 AM PDT by rarestia (“A nation which can prefer disgrace to danger is prepared for a master, and deserves one.” -Hamilton)
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To: Nifty
In other Deep Tech news...
12 posted on 09/18/2024 6:01:49 AM PDT by xoxox
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To: butlerweave

...and lower headcount.


13 posted on 09/18/2024 6:02:10 AM PDT by xoxox
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To: PghBaldy

I like to argue social issues with the Brave AI when I am bored. It is very eye opening to find out that it marginalizes White people consistently, everyone else is “just great”!


14 posted on 09/18/2024 6:03:47 AM PDT by armourenthusiast (I capitalize everything related to South)
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To: armourenthusiast
I have had very lengthy conversations with ChatGPT's most advance AI platform about the Bible. It knows the Bible inside and out and its responses are so deep at times that you forget that it's a machine and not a theologian.

That said, the rule is, "Ask stupid questions, get stupid answers."

15 posted on 09/18/2024 6:13:55 AM PDT by RoosterRedux (Thinking objectively is difficult. And painful. That’s why many people just cling to their biases.)
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To: Nifty

Black Rock, who keeps having future Trump asassination attempt gunmen in their commercials? No thanks.


16 posted on 09/18/2024 6:19:35 AM PDT by NetAddicted (MAGA2024)
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To: butlerweave

“because they think AI will help them control everything”

Exactly right.


17 posted on 09/18/2024 6:31:58 AM PDT by Openurmind (The ultimate test of a moral society is the kind of world it leaves to its children. ~ D. Bonhoeffer)
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To: rarestia

Ok my friend. Let’s get informed about the facts. Gates is STILL #9 in the top ten ownership stake holders. And those above him in the very same club are EVEN WORSE than Gates.

Ownership

The 10 largest shareholder of Microsoft in early 2024 were:
Shareholder name Percentage
The Vanguard Group 8.9%
BlackRock 5.6%
State Street Corporation 4.0%
Steve Ballmer 4.0%
Fidelity Investments 2.9%
Geode Capital Management 2.1%
T. Rowe Price International 1.9%
Eaton Vance 1.7%
JP Morgan Investment Management 1.6%
Bill Gates 1.4%
BlackRock Life 1.4%
Others 68.5%

There they are again... Those who are controlling the world. Vanguard, BlackRock, State Street, JP Morgan... In no way are their intentions innocent and not part of the globalist agenda. And Bill Gates is right in there with them and just as guilty.

https://en.wikipedia.org/wiki/Microsoft


18 posted on 09/18/2024 6:48:31 AM PDT by Openurmind (The ultimate test of a moral society is the kind of world it leaves to its children. ~ D. Bonhoeffer)
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To: neverevergiveup

Right...it’s just a new way to cheat and steal


19 posted on 09/18/2024 6:49:21 AM PDT by SMARTY (In politics, stupidity is not a handicap. Napoleon Bonaparte I)
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To: RoosterRedux

Is ChatGPT free, is it a program to answer questions with speech and respond to speech?


20 posted on 09/18/2024 7:18:59 AM PDT by ansel12 ((NATO warrior under Reagan, and RA under Nixon, bemoaning the pro-Russians from Vietnam to Ukraine.))
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