MGX, a joint venture between Mubadala and G42, BlackRock, Global Infrastructure Partners (GIP), and Microsoft, have announced the Global AI Infrastructure Investment Partnership (GAIIP), which aims to invest in new and expanded data centers to meet the growing demand for computing power.
H.H. Sheikh Tahnoun bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and Chairman of MGX, emphasized the importance of AI for the future of economies.
This partnership will support an open architecture and broad ecosystem, providing full access on a non-exclusive basis for a diverse range of partners and companies. NVIDIA will support GAIIP, offering its expertise in AI data centers and AI factories to benefit the AI ecosystem.
Sheikh Tahnoun bin Zayed Al Nahyan Deputy Ruler of Abu Dhabi, Chairman – MGX
“Artificial intelligence is not just an industry of the future; it underpins the future. Through this unique partnership, we will enable faster innovation, technological breakthroughs, and transformational productivity gains across the global economy. The investments we make today will secure a more sustainable, prosperous, and equitable future for all mankind.”
GAIIP will also engage with industry leaders to enhance AI supply chains and energy sourcing for the benefit of its customers and the industry. The partnership aims to unlock $30 billion of private equity capital over time, which in turn will mobilize up to $100 billion in total investment potential, including debt financing.
The founders of the partnership bring together leading global investors BlackRock, GIP, and MGX, an artificial intelligence and advanced technology investor, with funding and expertise from Microsoft. GAIIP combines expertise in infrastructure and technology to scale data centers efficiently, alongside energy, power, and decarbonization investment capabilities to enable AI-related infrastructure.
Larry Fink, Chairman and CEO of BlackRock, stated that, “Mobilizing private capital to build AI infrastructure, like data centers and power, will unlock a multi-trillion-dollar long-term investment opportunity. Data centers are the bedrock of the digital economy, and these investments will help power economic growth, create jobs, and drive AI technology innovation.”
Satya Nadella, Chairman and CEO of Microsoft, said that, “We are committed to ensuring AI helps advance innovation and drives growth across every sector of the economy. The Global AI Infrastructure Investment Partnership will help us deliver on this vision, as we bring together financial and industry leaders to build the infrastructure of the future and power it in a sustainable way.”
Ahmed Yahia Al Idrissi, CEO of MGX, remarked that, “Building the necessary infrastructure required to advance and accelerate the adoption of AI will reshape and revitalize almost every aspect of how we live. Similar to transportation infrastructure, new data centers and power sources will enable growth and commerce in the future innovation economy.”
“There is a clear need to mobilize significant private capital to fund investments in essential infrastructure. One manifestation of this is the capital required to support the development of AI. We are highly confident that the combined capabilities of our partnership will help accelerate the pace of investments in AI-related infrastructure,” Bayo Ogunlesi, Chairman and CEO of Global Infrastructure Partners, commented.
MGX was created in Abu Dhabi earlier this year to invest in AI and advanced technologies with global partners to enable the technology fabric of the global economy, focusing on AI infrastructure, AI-enabled technology; and semiconductors.
