On September 17, 2024, BlackRock, Global Infrastructure Partners (GIP), Microsoft, and MGX announced the formation of the Global AI Infrastructure Investment Partnership (GAIIP). The partnership aims to invest in new and expanded data centers and energy infrastructure to support the development of AI capabilities. The majority of these infrastructure investments will be in the United States, with some in U.S. partner countries. NVIDIA will support the partnership by offering its expertise in AI data centers. The partnership plans to unlock $30 billion of private equity capital over time, potentially mobilizing up to $100 billion in total investment when including debt financing. The partnership brings together investors and technology expertise to efficiently scale data centers and invest in related enabling infrastructure for AI.