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TRENDING/ US 30-year mortgage rate falls to two-year low | Amazon raises pay of US hourly workers | Fed slashes rates by 50 bps |

Published 06:31 IST, September 18th 2024

Microsoft, BlackRock to launch $30 billion fund for AI infrastructure

AI models, especially those used for deep learning and large-scale data processing, require substantial computational power, leading to higher energy consumption.

Reported by: Thomson Reuters
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BlackRock-Microsoft AI data center funding
BlackRock-Microsoft AI data center funding | Image: Microsoft, BlackRock
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06:31 IST, September 18th 2024