AI Boom Drives $6.7 Trillion Investment in Data Centres
The AI boom is driving significant investment in AI data centres, with McKinsey predicting a $6.7 trillion spend by 2030. Abu Dhabi-based AI investment firm MGX, a joint venture of Mubadala and G42, is in talks and set to invest independently. An agreement could be announced soon.
MGX, established to fuel AI growth in the region, is discussing a potential deal with unnamed companies. While Blackrock declined to comment, sources suggest an announcement could come within days. Meanwhile, Texas-based Aligned, focusing on AI infrastructure, recently raised over $12 billion in funding.
The AI data centre market is heating up, with MGX's involvement and potential deals on the horizon. Despite Blackrock's silence, an announcement could be imminent, further cementing AI's role in global investment strategies.
