Elon Musk’s xAI and Nvidia Join AI Infrastructure Partnership with $30 Billion Fund

Elon Musk’s xAI and Nvidia have joined BlackRock, Microsoft, and MGX in the AI Infrastructure Partnership to enhance AI infrastructure in the U.S.

• The partnership aims to launch with over $30 billion in initial funding.
• Focus on constructing data centers and energy projects to support large-scale AI models.
• Nvidia will act as a technical advisor for the group.
• This announcement follows the creation of Stargate by President Donald Trump, which plans to build up to 20 AI data centers in collaboration with OpenAI, Oracle, and SoftBank.
• The first data center will be located in Abilene, Texas, expected to be completed by mid-2026, housing around 400,000 Nvidia AI chips and providing 1.2 gigawatts of power.