Nvidia Corp. and xAI Corp. have joined the AI Infrastructure Partnership (AIP), a consortium launched last September by Microsoft, BlackRock, and MGX, an Abu Dhabi-based investment firm, to invest $30 billion in artificial intelligence (AI) infrastructure. The consortium has been renamed to AIP, and its initial goal is to invest over $30 billion in AI projects, with the potential to raise up to $100 billion in the long term.
Nvidia, which was previously a technical advisor to the consortium, will continue to provide technical advice on AI data centers. The companies aim to invest the bulk of their capital in the US, with plans to create a global AI infrastructure that will benefit every company and country seeking to achieve economic growth and address the world’s greatest challenges.
GE Vernova, a supplier of energy generation equipment, and NextEra Energy, the largest electric utility in the US, will also work with AIP. GE Vernova will focus on supply chain planning initiatives, while NextEra Energy will help accelerate the scaling of critical and diverse energy solutions for AI data centers.
Several of the backers are involved in other AI infrastructure investment initiatives, such as Microsoft’s partnership with Constellation Energy Generation LLC to reopen the Three Mile Island nuclear power plant, and Nvidia’s participation in OpenAI’s Stargate Project, which aims to build $500 billion worth of AI infrastructure in the US.