The group aims to assemble $30 billion of initial capital, with a future goal of raising $100 billion, including from debt financing.

The partnership, called the Global AI Infrastructure Investment Partnership, will additionally build out energy infrastructure to create power sources for the facilities, the companies said.

In a landmark move, Global Infrastructure Partners, BlackRock, Microsoft, and MGX have announced the launch of the Global AI Infrastructure Investment Partnership (GAIIP), which seeks to raise up to $100 billion to invest in AI-powered data centres and the energy infrastructure required to support them.