Nvidia and xAI have joined the Artificial Intelligence Infrastructure Fund, backed by BlackRock, Microsoft, and Abu Dhabi-based MGX investment group in the field of artificial intelligence, whose registration was announced on March 19, and signed a contract for a $30 billion AI infrastructure fund.
Nvidia and xAI have joined the Artificial Intelligence Infrastructure Fund, backed by BlackRock, Microsoft, and Abu Dhabi-based MGX investment group in the field of artificial intelligence, whose registration was announced on March 19, and signed a contract for a $30 billion AI infrastructure fund.
The ultimate goal of the AI Infrastructure Fund was to raise up to $100 billion for the development of artificial intelligence, writes PYMNTS.
«AI factories, built on Nvidia’s complete AI infrastructure, will transform data into intelligence that accelerates every industry and helps society achieve incredible breakthroughs,» said Nvidia founder and CEO Jensen Huang.
He said traditional big language models require much less computing power than AI agents and reasoning models, but they also respond immediately. Reasoning models require much more power because they reason with each other before responding, which in many cases will take longer.
«In order for us to keep the model responsive, so that we don’t lose patience waiting for it to think, we now have to compute 10 times faster. The amount of computation we have to do is 100 times greater, easily,» Huang said.
Speaking of far-reaching plans for AI, it is worth mentioning that Donald Trump, after being elected as the new US president, announced in late January the creation of a new company to develop artificial intelligence infrastructure in the US, which will be «the largest AI infrastructure project in history.» OpenAI CEO Sam Altman, Japanese telecommunications holding company SoftBank CEO Masayoshi Son, and the head of the American enterprise software corporation, a large supplier of server equipment, Oracle, were planning to join the Stargate project.
Soon, Sam Altman and Elon Musk publicly clashed over the Stargate AI project.
