A group including BlackRock, Nvidia and Microsoft is buying Aligned Data Centers in an approximately $40 billion deal in an effort to expand next-generation cloud and artificial intelligence infrastructure.
Tips to keep your Halloween, Christmas inflatables safe from potential thieves1 hour agoRead full article: ‘Pitch It to Win It’ social media contest could let anyone with a startup idea win $1000H-E-B among retailers affected by Ben’s Original rice recall over injury risk from small stonesFILE -Flags fly on the front of BlackRock headquarters, Wednesday, Jan.
13, 2021, in New York. . FILE - People take a look to Nvidia''s new products during the Computex 2025 exhibition in Taipei, Taiwan, Wednesday, May 21, 2025. FILE -Flags fly on the front of BlackRock headquarters, Wednesday, Jan. 13, 2021, in New York. . A group including BlackRock, Nvidia and Microsoft is buying Aligned Data Centers in an approximately $40 billion deal in an effort to expand next-generation cloud and artificial intelligence infrastructure. The acquisition comes amid a flurry of deals in recent months involving top AI developers that are flooding the booming AI sector with resources and money, and addressing resources -- such as electricity and infrastructure -- needed to support such technology.as part of an agreement to team up on building AI infrastructure. OpenAI will also get the option to buy as much as a 10% stake in AMD, according to a joint statement announcing the deal.Aligned’s portfolio includes 50 campuses and more than 5 gigawatts of operational and planned capacity, including assets under development, mostly located across the U.S. and in Latin America. Some locations include northern Virginia; Chicago; Dallas; Ohio; Phoenix; Salt Lake City; Sao Paulo, Brazil; Queretaro, Mexico; and Santiago, Chile. Aligned, which is privately held, will continue to be led by CEO Andrew Schaap and keep its headquarters in Dallas. The transaction is the first deal for the investment consortium, which is named the Artificial Intelligence Infrastructure Partnership. The consortium has an initial target of mobilizing and deploying $30 billion of equity capital, with the potential of reaching $100 billion including debt. “AIP is positioned to meet the growing demand for the infrastructure required as AI continues to reshape the global economy," BlackRock Chairman and CEO and AIP Chairman Larry Fink said in a statement. “This partnership is bringing together leading companies and mobilizing private capital to accelerate AI innovation and drive global economic growth and productivity.”Shares of Nvidia rose more than 2% before the market open on Wednesday. Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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Aligned Data Centers to be bought in blockbuster $40B dealThe investment consortium is backed by BlackRock, Microsoft and Nvidia.
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Group including Nvidia, BlackRock buying Aligned Data Centers in deal worth about $40 billionA group including BlackRock, Nvidia and Microsoft is buying Aligned Data Centers in an approximately $40 billion deal in an effort to expand next-generation cloud and artificial intelligence infrastructure.
Read more »
Group including Nvidia, BlackRock buying Aligned Data Centers in deal worth about $40 billionA group including BlackRock, Nvidia and Microsoft is buying Aligned Data Centers in an approximately $40 billion deal in an effort to expand next-generation cloud and artificial intelligence infrastructure.
Read more »