BlackRock and Microsoft are reportedly planning a $30B AI-focused megafund | TechCrunch
Investment powerhouse BlackRock is set to launch a massive AI-focused investment fund, exceeding $30 billion, in collaboration with Microsoft and the Abu Dhabi-backed investment outfit MGX, the FT reported today.
According to the outlet, the fund — among Wall Street’s largest — will focus on creating data centers and funding energy infrastructure to support AI. Chip giant Nvidia is also reportedly contributing its expertise around the energy demands of AI technologies, which are expected to face significant capacity constraints in the coming years.
BlackRock is launching the fund with Global Infrastructure Partners (GIP), which BlackRock agreed to acquire for $12.5 billion in a deal back in January. GIP is now BlackRock’s infrastructure investment unit.
Every month, 400,000 free members upgrade to paid memberships, the company says. According to Patreon, Autopilot improved the rate of free-to-paid membership upgrades by an average of 19% in testing.
Investment powerhouse BlackRock is set to launch a massive AI-focused investment fund, exceeding $30 billion, in collaboration with Microsoft and the Abu Dhabi-backed investment outfit MGX, the FT reported today.…
Neuralink, the Elon Musk-owned brain-computer interface company, has received “breakthrough device” clearance from the FDA. But this does not mean the outfit has developed a cure for blindness, whatever Musk…
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Snap, Snapchat’s parent company, is expanding its suite of AI tools for creators. At this year’s Snap Partner Summit in Santa Monica, California, Snap announced a new feature, Easy Lens,…
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Tuesday’s announcement follows IBM’s $4.3 billion acquisition of Apptio in 2023, another company in the FinOps space.
Google says that it plans to roll out changes to Google Search to make clearer which images in results were AI generated — or edited by AI tools. In the…
With iOS 18, users can replace the default camera app on the lock screen with a third-party app. Halide and Obscura — two popular camera apps designed as alternatives to…
A joint pilot by Apian, Alphabet’s drone company Wing, and the U.K.’s NHS will see drones used to fly urgent blood samples between two hospitals in London.
We’re incredibly excited to announce the final agenda for our dedicated Fintech Stage at TechCrunch Disrupt 2024. It joins Space, SaaS, AI and Builders as the other industry-focused stages —…
Are we at peak social media yet? It’s an interesting question to ponder after the launch of an iOS app offering a social media experience just for one. At a…
Workday announced on Tuesday that it’s acquiring Evisort, an AI-powered contract management platform, for an undisclosed amount. In a statement, Terrance Wampler, group general manager at Workday, said that Evisort’s…
Cisco’s executives made tens of millions in compensation, while cutting thousands of jobs in two separate rounds of layoffs.
The startup focuses on optimizing the entire widget, from the electrolyzer’s electrodes to the tangle of pipes and pumps that support them.
Quick confession: I take a picture of my stove before I leave on long trips. I’ve been living with OCD my entire life, and this is one of the little…
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Construction permitting often involves drafting lengthy applications, leading to unpredictable timelines for developers and businesses. There are tens of thousands of jurisdictions — each with their own different forms and…
