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What Does BlackRock (BLK) Joining A $500 Billion AI Funding Push Mean?

Yahoo Finance · 10/19 04:28 UTC

BlackRock is teaming up with Nvidia and other major financiers to build AI infrastructure financing platforms targeting over US$500b. The consortium plans to treat high-end AI compute capacity as a distinct asset class aimed at large institutional investors. Credit desks at BlackRock and its peers are expected to play a central role in structuring the funding vehicles.

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