Markets, AI, Nvidia, BlackRock, Bitcoin Mining, News The acquisition marks the first move by the Artificial Intelligence Infrastructure Partnership, which plans to deploy up to $100 billion. 

A newly formed investment group made up of BlackRock, Nvidia, xAI, Microsoft and others will acquire Aligned Data Centers in a $40 billion deal, the companies said Wednesday. The move adds fuel to a growing land grab for infrastructure to support artificial intelligence development.

The consortium, called the Artificial Intelligence …

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