Asia Tech Wire (Sep 18) -- BlackRock and Microsoft are teaming up to invest in data centers and other infrastructure to support artificial intelligence.

The strategy, called the Global AI Infrastructure Investment Partnership, aims to attract $30 billion in private equity and use that money to make up to $100 billion in investments, a statement showed.

Infrastructure investments, including energy projects, will be primarily in the U.S., with a portion of the funds deployed in U.S. partner countries.

According to the statement, Nvidia will utilize its expertise to support the alliance.