3 hours ago
Some months ago (from thread "Bigger than governments?... AI plans spawn mega deals")
... Microsoft, BlackRock, Global Infrastructure Partners (GIP), and MGX announced a massive new AI investment partnership on Tuesday called the Global AI Infrastructure Investment Partnership (GAIIP). The partnership initially aims to raise $30 billion in private equity capital, which could later turn into $100 billion in total investment when including debt financing.
The group will invest in data centers and supporting power infrastructure for AI development. "The capital spending needed for AI infrastructure and the new energy to power it goes beyond what any single company or government can finance," Microsoft President Brad Smith said in a statement.
This will include a new wrinkle in the energy production world...
AWS, Microsoft, and Google are going nuclear to build and operate mega data centers better equipped to meet the increasingly hefty demands of generative AI.
Earlier this year, AWS paid $650 million to purchase Talen Energy’s Cumulus Data Assets, a 960-megawatt nuclear-powered data center on site at Talen’s Susquehanna, Penn., nuclear plant, with additional data centers planned — pending approval by the Nuclear Regulatory Agency.
Microsoft, Google, and Nucor, a steel manufacturer, released a request for information (RFI) about clean energy, and Baltimore-based energy company Constellation responded “to the RFI with our points on advanced nuclear being a fit at existing nuclear sites,” says a spokesperson for Constellation, one of the nation’s largest nuclear power providers.
“The data economy and Constellation’s nuclear energy go together like peanut butter and jelly,” said Joe Dominquez, Constellation’s CEO during a company conference call in May.
Could this not be the "seed" of Trump's much hyped 500 billion-dollar dream. A multi-corporate/government conglomerate/combine???
In the end, could this be all about power generation migration... and of course, money?
Sigh...
... Microsoft, BlackRock, Global Infrastructure Partners (GIP), and MGX announced a massive new AI investment partnership on Tuesday called the Global AI Infrastructure Investment Partnership (GAIIP). The partnership initially aims to raise $30 billion in private equity capital, which could later turn into $100 billion in total investment when including debt financing.
The group will invest in data centers and supporting power infrastructure for AI development. "The capital spending needed for AI infrastructure and the new energy to power it goes beyond what any single company or government can finance," Microsoft President Brad Smith said in a statement.
This will include a new wrinkle in the energy production world...
AWS, Microsoft, and Google are going nuclear to build and operate mega data centers better equipped to meet the increasingly hefty demands of generative AI.
Earlier this year, AWS paid $650 million to purchase Talen Energy’s Cumulus Data Assets, a 960-megawatt nuclear-powered data center on site at Talen’s Susquehanna, Penn., nuclear plant, with additional data centers planned — pending approval by the Nuclear Regulatory Agency.
Microsoft, Google, and Nucor, a steel manufacturer, released a request for information (RFI) about clean energy, and Baltimore-based energy company Constellation responded “to the RFI with our points on advanced nuclear being a fit at existing nuclear sites,” says a spokesperson for Constellation, one of the nation’s largest nuclear power providers.
“The data economy and Constellation’s nuclear energy go together like peanut butter and jelly,” said Joe Dominquez, Constellation’s CEO during a company conference call in May.
Could this not be the "seed" of Trump's much hyped 500 billion-dollar dream. A multi-corporate/government conglomerate/combine???
In the end, could this be all about power generation migration... and of course, money?
Sigh...
