Share this article
Elon Musk’s AI Start-Up and Nvidia Join Microsoft, BlackRock, MGX AI Fund
The vehicle, which was created in September of last year, aims to raise $30 billion in funding.
Updated Mar 19, 2025, 6:03 p.m. Published Mar 19, 2025, 3:54 p.m.
What to know:
- Elon Musk’s xAI and Nvidia have joined BlackRock, Microsoft, and MGX to expand AI infrastructure in the U.S.
- The AI Infrastructure Partnership plans to invest over $30 billion in data centers and energy projects to support AI models.
- The first data center, expected to be completed in 2026, will house 400,000 Nvidia AI chips in Abilene, Texas.
Two of the biggest forces in artificial intelligence (AI) — Elon Musk’s xAI and Nvidia — have joined BlackRock, Microsoft and investment fund MGX’s group to expand AI infrastructure across the U.S., the companies announced Wednesday.
The fund — called the AI Infrastructure Partnership — at its formation in September of last year, said that it plans to launch with more than $30 billion in initial funding. The goal is to build data centers and energy projects which are required to power large-scale AI models.
STORY CONTINUES BELOW
Nvidia will also serve as a technical advisor for the group, which it had announced last year.
Musk and Nvidia join the effort two months after U.S. President Donald Trump announced the formation of Stargate, a private venture that plans to build up to 20 large AI data centers in the U.S. in partnership with OpenAI, Oracle and SoftBank.
The first data center will be built in Abilene, a small city in Texas, which will be completed by mid-2026, Bloomberg reported yesterday. It will have space for roughly 400,000 of Nvidia’s AI chips and a capacity of 1.2 gigawatts of power.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Solana’s Drift Launches v3, With 10x Faster Trades
With v3, the team says that about 85% of market orders will fill in under half a second, and liquidity will deepen enough to bring slippage on larger trades down to around 0.02%.
What to know:
- Drift, one of the largest perpetuals trading platforms on Solana, has launched Drift v3, a major upgrade meant to make on-chain trading feel as fast and smooth as using a centralized exchange.
- The new version will deliver 10-times faster trade execution thanks to a rebuilt backend, marking the largest performance jump the project has made so far.
Top Stories
