Nvidia, Musk’s xAI to join Microsoft , BlackRock, MGX to develop AI infra

Nvidia and Elon Musk’s xAI have joined a consortium backed by Microsoft, investment fund MGX and BlackRock to expand AI infrastructure in the US, the companies said on Wednesday, as a global race to dominate the nascent technology intensifies.

The group, formed last year with a goal to initially invest more than $30 billion in AI-related projects, is one of the biggest efforts to bankroll data centers and energy facilities needed to power AI applications such as ChatGPT.