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NVIDIA CEO Jensen Huang
(Getty Images)

Nvidia and xAI join BlackRock’s $30 billion AI infrastructure fund

The tech rivals are joining forces in one of the largest private sector pushes for AI infrastructure.

Nia Warfield

Nvidia and Elon Musk’s xAI are the latest to join a major AI infrastructure consortium backed by Microsoft, investment fund MGX, and BlackRock, the companies announced Wednesday. The move strengthens a rampant effort to expand AI data centers and energy facilities across the US as competition in the space heats up.

Now named the AI Infrastructure Partnership, the Microsoft- and BlackRock-backed group was formed last year with an initial $30 billion investment to help build data centers and support applications like ChatGPT. Nvidia initially joined as a technical advisor and MGX was an investor in xAI’s recent $6 billion Series C raise.

The expansion comes two months after President Donald Trump introduced Stargate, a separate AI infrastructure initiative backed by SoftBank, OpenAI, and Oracle. Stargate aims to mobilize up to $500 billion, with investors already committing $100 billion for immediate deployment. Still, with Nvidia and xAI now on board, the AI Infrastructure Partnership is on pace to be one of the biggest private sector pushes yet.

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GM has reportedly rehired more than 100 former Cruise employees, 18 months after shuttering the robotaxi unit

GM has rehired more than 100 employees it let go early last year when it shuttered Cruise, its former robotaxi business, according to reporting by The Information.

The hiring spree, which also includes employees from Nvidia and Uber, is geared toward ramping up GM’s plans for personal-use self-driving vehicles and not robotaxis. The former had been the focus of Cruise, prior to GM shuttering it in 2024.

Reporting last fall revealed that GM was attempting to rehire some former Cruise employees, but the scope of that effort wasn’t clear. More than 1,000 employees were laid off when the automaker scrapped Cruise, which it invested $10 billion into.

Google’s Waymo, Cruise’s former chief rival, is now worth $126 billion after a $16 billion funding round earlier this year. The company says it’s serving 500,000 paid robotaxi rides per week in the US.

Exclusive: With Some 100 Rehired Cruise Employees, GM Pursues Eyes-Off Autonomous Cars

Exclusive: With Some 100 Rehired Cruise Employees, GM Pursues Eyes-Off Autonomous Cars

Reporting last fall revealed that GM was attempting to rehire some former Cruise employees, but the scope of that effort wasn’t clear. More than 1,000 employees were laid off when the automaker scrapped Cruise, which it invested $10 billion into.

Google’s Waymo, Cruise’s former chief rival, is now worth $126 billion after a $16 billion funding round earlier this year. The company says it’s serving 500,000 paid robotaxi rides per week in the US.

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