BlackRock Joins MSFT in AI Partnership: Should You Buy BLK Stock Now?
BLKBlackRock(BLK) ZACKS·2024-09-20 23:06

BlackRock Inc. (BLK) and Microsoft Corp. (MSFT) entered into a partnership with Global Infrastructure Partners (“GIP”) and MGX, collectively named Global AI Infrastructure Investment Partnership (“GAIIP”), to make the infrastructural investment required to build enhanced AI capabilities.This collaboration aims to invest in new and expanded data centers to address the rising demand for computing power and energy infrastructure to build new sources of power for these facilities. These investments will be majo ...