Thursday, June 18, 2026
  • About Web3Wire
  • Web3Wire NFTs
  • .w3w TLD
  • $W3W Token
  • Web3Wire DAO
  • Media Network
  • RSS Feed
  • Contact Us
Web3Wire
No Result
View All Result
  • Home
  • Web3
    • Latest
    • AI
    • Business
    • Blockchain
    • Cryptocurrencies
    • Decentralized Finance
    • Metaverse
    • Non-Fungible Token
    • Press Release
  • Technology
    • Consumer Tech
    • Digital Fashion
    • Editor’s Choice
    • Guides
    • Stories
  • Coins
    • Top 10 Coins
    • Top 50 Coins
    • Top 100 Coins
    • All Coins
  • Exchanges
    • Top 10 Crypto Exchanges
    • Top 50 Crypto Exchanges
    • Top 100 Crypto Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks
  • Events
  • News
    • Latest Crypto News
    • Latest DeFi News
    • Latest Web3 News
  • Home
  • Web3
    • Latest
    • AI
    • Business
    • Blockchain
    • Cryptocurrencies
    • Decentralized Finance
    • Metaverse
    • Non-Fungible Token
    • Press Release
  • Technology
    • Consumer Tech
    • Digital Fashion
    • Editor’s Choice
    • Guides
    • Stories
  • Coins
    • Top 10 Coins
    • Top 50 Coins
    • Top 100 Coins
    • All Coins
  • Exchanges
    • Top 10 Crypto Exchanges
    • Top 50 Crypto Exchanges
    • Top 100 Crypto Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks
  • Events
  • News
    • Latest Crypto News
    • Latest DeFi News
    • Latest Web3 News
No Result
View All Result
Web3Wire
No Result
View All Result
Home Artificial Intelligence

Microsoft and BlackRock Launch $100 Billion Fund for AI Infrastructure, AI City Presents Ambitious Plan

October 31, 2024
in Artificial Intelligence, GlobeNewswire, Web3
Reading Time: 8 mins read
5
SHARES
262
VIEWS
Share on TwitterShare on LinkedInShare on Facebook

The upcoming AI City proposes new solutions to address the growing demand for data centers. It also outlines plans to tackle energy consumption challenges, resource shortages, and how to create a sustainable AI infrastructure

Microsoft and BlackRock Launch $100 Billion Fund for AI Infrastructure, AI City Presents Ambitious Plan

Photo courtesy of Teklium

SAN JOSE, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) — Microsoft and BlackRock have joined forces to launch a $100 billion fund dedicated to artificial intelligence (AI) infrastructure. This initiative, known as the Global AI Infrastructure Investment Partnership (GAIIP), aims to address the expanding demand for AI capabilities and the associated need for robust data center infrastructure.

Notably, the exponential growth in AI workloads has created an urgent need for advanced computing facilities capable of handling increasingly complex and data-intensive tasks. As AI applications, particularly those involving machine learning and deep learning, continue to develop, they require substantial computational power that far exceeds the capabilities of traditional data centers.

This surge in demand has led to a critical point in the tech industry, where infrastructure development has become paramount to sustaining progress.

Recognizing the important role that data centers play in supporting AI technologies, Microsoft and BlackRock’s initiative comes at a crucial time, especially considering projections that indicate that by 2030, AI may account for 3% to 4% of total data center demand worldwide.

This figure highlights the pressing need for significant investments in AI infrastructure to guarantee that the industry can keep pace with the relentless advancement of AI technologies and their growing applications across various sectors.

The growth of AI has brought about challenges for data centers, particularly in terms of electricity consumption and environmental impact. AI data centers consume vast energy due to the intensive computational power required for training and running AI models.

According to the International Energy Agency (IEA) forecasts, global data center electricity demand will more than double from 2022 to 2026, with AI playing a major role in this increase. This increase in energy consumption translates directly to significant Carbon Dioxide emissions, especially when electricity is sourced from non-renewable resources.

Additionally, water usage presents another environmental concern for AI data centers. These facilities require enormous amounts of fresh water for cooling their processors and generating electricity, potentially straining local water resources.

Furthermore, the expansion of AI data centers is stretching the capacity of local power grids, with hyperscale facilities demanding between 300 and 1000 megawatts or more, presenting infrastructure challenges.

Data storage is another critical issue facing AI data centers since AI applications requires scalable and high-performance storage solutions. Traditional storage systems often struggle to meet the demands of AI workloads, necessitating the development of more advanced technologies to handle the increasing data volumes efficiently.

Compounding these challenges is the looming threat of a global copper shortage. The expansion of AI technologies is expected to significantly increase the demand for copper, a component in electrical wiring and data center infrastructure. Industry experts predict that AI data centers will account for 6% to 7% of global copper demand by 2050, up from less than 1% today.

Independently from Microsoft and BlackRock, AI City, a project is underway in West Virginia that aims to change both artificial intelligence (AI) infrastructure and sustainable agriculture. The proposed “AI City” concept is in the planning stages, and if successful, it will become the first AI data center complex that not only provides cutting-edge AI capabilities but also produces millions of tons of food annually through advanced greenhouse farming.

This initiative, spearheaded by Teklium, Visual Link, and the West Virginia Data Center Group, plans to integrate waste heat and CO2 from data centers with natural gas fuel cells. These resources will be used to power large-scale greenhouses built directly next to the data centers, creating a unique combination of high-tech AI operations and sustainable food production.

The AI City project stands out for its innovative approach to addressing two global challenges: the growing demand for AI data processing power and the need for sustainable farming solutions. By using the excess heat and carbon dioxide generated by AI data centers to enhance greenhouse farming, the project maximizes resource efficiency and supports environmentally responsible practices.

While other major players like Microsoft and BlackRock are investing heavily in AI infrastructure, the AI City concept is focused on combining technology with sustainability. With this integrated approach, AI City could position West Virginia as a leader in both AI development and agricultural innovation, transforming the state into a hub for advanced technology and green farming.

A Model for Future Data Centers

The AI City project, if realized, would be the first of its kind to merge AI data processing with large-scale food production. By producing both AI resources and millions of tons of fresh produce annually, this project has the potential to revolutionize how we think about data centers and their environmental impact.

This project addresses AI’s energy demands and turns what would otherwise be waste into a valuable resource for farming. This circular model of energy use sets the AI City apart as a pioneering concept for the future of both technology and agriculture.

Looking Forward statement

The AI City initiative is still in the planning stages and is exploring locations within West Virginia. If successfully executed, it will mark a step forward for the state, creating new jobs and economic opportunities, while contributing to global solutions for food security and AI infrastructure needs.

Looking to the future, AI City plans on growing farm produce to create entirely green AI data centers. This strategy aims to integrate sustainable practices directly into data center operations, potentially offsetting carbon emissions and creating a more environmentally friendly AI infrastructure.

Moreover, the high CO2 greenhouse initiative could transform West Virginia from a net importer to a prominent exporter of vegetables, creating more employment opportunities across various sectors.

As these technologies continue to develop and mature, they may play a key role in addressing the environmental and resource challenges posed by the growth of AI infrastructure. As the AI City takes shape, it will serve as a model for how rural areas can inspire economic growth through technology.

For more information, visit https://www.teklium.com/.

About Teklium

Teklium is a technology company specializing in metacognitive artificial intelligence and advanced chip design. It develops and pushes current AI capabilities by creating self-improving AI systems and hardware that solve technological challenges and influence the future of AI applications across various industries.

Contact information:
Name: Jackie Jones
Company: Teklium
Email: media@teklium.com
Website: https://www.teklium.com/.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7ca25914-3768-409d-9710-9b34c251ab6e

About Web3Wire
Web3Wire – Information, news, press releases, events and research articles about Web3, Metaverse, Blockchain, Artificial Intelligence, Cryptocurrencies, Decentralized Finance, NFTs and Gaming.
Visit Web3Wire for Web3 News and Events, Block3Wire for the latest Blockchain news and Meta3Wire to stay updated with Metaverse News.
ShareTweet1ShareSendShare2
Previous Post

NVIDIA Sets Conference Call for Third-Quarter Financial Results

Next Post

iRhythm Technologies Receives FDA 510(k) Clearance for Design Modifications to Its Zio® AT Device

Related Posts

Tower Semiconductor and Marvell Ship Over Five Million Coherent Photonic ICs

Tower’s advanced silicon photonics platform enables high-bandwidth,energy-efficient data center connectivity MIGDAL HAEMEK, Israel, June 18, 2026 - Tower Semiconductor (NASDAQ/TASE: TSEM), the leading foundry for high-value analog semiconductor solutions, today announced a significant milestone. The company, in partnership with Marvell Technology, has shipped over five million coherent photonic integrated circuits...

Read moreDetails

BlackRock® Canada Announces June Cash Distributions for the iShares® ETFs

TORONTO, June 18, 2026 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE: BLK), today announced the June 2026 cash distributions for the iShares ETFs listed on the TSX or Cboe Canada which pay on a monthly, quarterly, or semi-annual basis....

Read moreDetails

ESET Research investigates Gentlemen ransomware gang and its defense-evasion tools

Gentlemen operators develop and maintain an EDR-killer suite provided directly to affiliates. GentleKiller, an in-house framework, has at least eight variants abusing different vulnerable or malicious drivers. Gentlemen operators apply a unified evasion strategy across tools to standardize impersonation and protection. Third-party EDR killers (HexKiller, ThrottleBlood, and HavocKiller) are operationally...

Read moreDetails

Aurora Mobile MoonFox Data | Salomon’s Rise, Amer Sports Enters a Period of Robust Earnings

SHENZHEN, CHINA, June 18, 2026 (GLOBE NEWSWIRE) -- I. Financial Report Analysis: Revenue Surpasses $6.566 Billion, Profitability Significantly Improves 2025 marked Amer Sports’ first full fiscal year since its NYSE listing, and it was a year of explosive growth. Driven by the ongoing expansion of the global outdoor sports market...

Read moreDetails

Japan and South Korea lead the shift in global summer travel trends, according to Holafly data

DUBLIN, June 18, 2026 (GLOBE NEWSWIRE) -- Holafly, the global leader in travel eSIMs, today released its Summer Travel Report 2026, revealing a major shift in global travel preferences. While Spain continues to rank as the world's most popular summer destination, Asian countries are gaining significant ground, with Japan climbing...

Read moreDetails

Zalando, Europe’s Largest Online Retailer*, runs its AI Infrastructure on European Technology (Hopsworks)

Stockholm, June 18, 2026 (GLOBE NEWSWIRE) -- Digital services are increasingly providing personalized experiences by an AI system that reacts almost instantaneously to the user’s actions. TikTok leveraged personalized video as a key differentiator that enabled them to overcome their larger US-based competitors.  Online retailers are increasingly adopting personalization to...

Read moreDetails

Pacera introduces AI to bring trusted agentic intelligence to the Office of the CFO

Pacera unveils Edda and Ora, two AI-powered capabilities designed to combine trusted financial controls with conversational intelligence and orchestration across finance workflows.  Stockholm, Sweden – June 18th 2026 – Pacera today announced the launch of Pacera AI, a new AI initiative designed specifically for the Office of the CFO. Built to work across Pacera’s financial operations platform, Pacera...

Read moreDetails

The Île-de-France Region, Scaleway, VSORA and ZML commit to laying the foundations for the next generation of AI chips in Europe

This unprecedented commitment — a European first that brings together Île-de-France players across the entire value chain of Artificial Intelligence infrastructure — aims to deploy and commercialize the first sovereign offering based on VSORA’s Jotunn8 processor. PARIS, June 18, 2026 (GLOBE NEWSWIRE) -- At the VivaTech trade show, the Île-de-France...

Read moreDetails

Altimetrik Unveils New Brand Identity, Marking Its Evolution into an Enterprise AI Engineering Powerhouse

BENGALURU, India, June 18, 2026 /PRNewswire/ -- Altimetrik, an AI-native engineering company, unveiled a new brand identity that signals a new chapter in the company's growth with a sharper position as a specialized force in enterprise AI. The brand refresh follows the acquisition of SLK Software, which united two complementary engineering...

Read moreDetails

Lantronix India Celebrates 10 Years of Innovation, Engineering Excellence and Strategic Growth

IRVINE, Calif., June 18, 2026 (GLOBE NEWSWIRE) -- Lantronix Inc. (Nasdaq: LTRX), a global provider of Edge AI and Industrial IoT solutions that power NDAA-compliant unmanned systems, critical infrastructure and resilient enterprise networks, today announced the 10-year anniversary of Lantronix India Pvt. Ltd., which was incorporated in May 2016. Over...

Read moreDetails
Web3Wire NFTs - The Web3 Collective

Web3Wire, $W3W Token and .w3w tld Whitepaper

Web3Wire, $W3W Token and .w3w tld Whitepaper

Claim your space in Web3 with .w3w Domain!

Web3Wire

Trending on Web3Wire

  • GENISOM AI Debuts at ICRA 2026 with Full-Stack Embodied Intelligence System

    32 shares
    Share 13 Tweet 8
  • Top Cross-Chain DeFi Solutions to Watch by 2025

    133 shares
    Share 53 Tweet 33
  • Top Layer 1 Crypto Projects to Watch in 2025

    17 shares
    Share 7 Tweet 4
  • Understanding Soulbound Tokens SBT Their Definition and Significance

    66 shares
    Share 26 Tweet 17
  • Unifying Blockchain Ecosystems: 2024 Guide to Cross-Chain Interoperability

    171 shares
    Share 68 Tweet 43
Join our Web3Wire Community!

Our newsletters are only twice a month, reaching around 10000+ Blockchain Companies, 800 Web3 VCs, 600 Blockchain Journalists and Media Houses.


* We wont pass your details on to anyone else and we hate spam as much as you do. By clicking the signup button you agree to our Terms of Use and Privacy Policy.

Web3Wire Podcasts

Upcoming Events

There are currently no events.

Latest on Web3Wire

  • Tower Semiconductor and Marvell Ship Over Five Million Coherent Photonic ICs
  • BlackRock® Canada Announces June Cash Distributions for the iShares® ETFs
  • ESET Research investigates Gentlemen ransomware gang and its defense-evasion tools
  • Aurora Mobile MoonFox Data | Salomon’s Rise, Amer Sports Enters a Period of Robust Earnings
  • Japan and South Korea lead the shift in global summer travel trends, according to Holafly data

RSS Latest on Block3Wire

  • The Algorithmic Monographs: A Five-Volume Civil Code for the Age of Autonomous Intelligence
  • Ali Sadhik Shaik: Practitioner, Scholar, and Author – Focused on the Governance of Intelligent Systems
  • The Klyrox Protocol: A Decentralized Framework to Close the AI Accountability Gap
  • Covo Finance: Revolutionary Crypto Leverage Trading Platform
  • WorldStrides and HEX Announce Partnership to Offer High School and University Students Innovative Courses Designed to Improve Their Outlook in the Digital Age

RSS Latest on Meta3Wire

  • The Algorithmic Monographs: A Five-Volume Civil Code for the Age of Autonomous Intelligence
  • Ali Sadhik Shaik: Practitioner, Scholar, and Author – Focused on the Governance of Intelligent Systems
  • The Klyrox Protocol: A Decentralized Framework to Close the AI Accountability Gap
  • Thumbtack Honored as a 2023 Transform Awards Winner
  • Accenture Invests in Looking Glass to Accelerate Shift from 2D to 3D
Web3Wire

Web3Wire is your go-to source for the latest insights and updates in Web3, Metaverse, Blockchain, AI, Cryptocurrencies, DeFi, NFTs, and Gaming. We provide comprehensive coverage through news, press releases, event updates, and research articles, keeping you informed about the rapidly evolving digital world.

  • About Web3Wire
  • Founder’s Note
  • Web3Wire NFTs – The Web3 Collective
  • .w3w TLD
  • $W3W Token
  • Web3Wire DAO
  • Event Partners
  • Community Partners
  • Our Media Network
  • Media Kit
  • RSS Feeds
  • Contact Us

Crypto Coins

  • Top 10 Coins
  • Top 50 Coins
  • Top 100 Coins
  • All Coins – Marketcap
  • Crypto Coins Heatmap

Crypto Exchanges

  • Top 10 Exchanges
  • Top 50 Exchanges
  • Top 100 Exchanges
  • All Crypto Exchanges

Crypto Stocks

  • Blockchain Stocks
  • NFT Stocks
  • Metaverse Stocks
  • Artificial Intelligence Stocks

Web3Wire Whitepaper | Tokenomics

Web3 Resources

  • Top Web3 and Crypto Youtube Channels
  • Latest Crypto News
  • Latest DeFi News
  • Latest Web3 News

Blockchain Resources

  • Blockchain and Web3 Resources
  • Decentralized Finance (DeFi) – Research Reports
  • All Crypto Whitepapers

Metaverse Resources

  • AR VR and Metaverse Resources
  • Metaverse Courses
Claim your space in Web3 with .w3w!

The Klyrox Protocol | The Algorithmic Monographs

Top 50 Web3 Blogs and Websites
Web3Wire Podcast on Spotify Web3Wire Podcast on Amazon Music 
Web3Wire - Web3 and Blockchain - News, Events and Press Releases | Product Hunt
Web3Wire on Google News

Media Portfolio: Block3Wire | Meta3Wire

  • Privacy Policy
  • Terms of Use
  • Disclaimer
  • Sitemap
  • For Search Engines
  • Crypto Sitemap
  • Exchanges Sitemap

© 2024 Web3Wire. We strongly recommend our readers to DYOR, before investing in any cryptocurrencies, blockchain projects, or ICOs, particularly those that guarantee profits.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Coins
    • Top 10 Cryptocurrencies
    • Top 50 Cryptocurrencies
    • Top 100 Cryptocurrencies
    • All Coins
  • Exchanges
    • Top 10 Cryptocurrency Exchanges
    • Top 50 Cryptocurrency Exchanges
    • Top 100 Cryptocurrency Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks

© 2024 Web3Wire. We strongly recommend our readers to DYOR, before investing in any cryptocurrencies, blockchain projects, or ICOs, particularly those that guarantee profits.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.