Two of the Biggest Names in AI — Elon Musk's xAI and Nvidia — Join BlackRock, Microsoft and MGX's Group to Expand AI Infrastructure Across the U.S

Two of the biggest names 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

Elon Musk’s xAI and Nvidia are joining BlackRock, Microsoft and investment fund MGX to expand artificial intelligence 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.

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, and will be completed by mid-2026, according to a Bloomberg report on Wednesday. It will have space for about 400,000 of Nvidia’s AI chips and a capacity of 1.2 gigawatts of power.