① The Kuwait Investment Authority (KIA) joins the Microsoft-supported Global AI Infrastructure Investment Alliance; ② The alliance, led by Microsoft and Blackrock, was launched in September 2024 with plans to raise $30 billion in funds and leverage up to $100 billion in potential investments to strengthen the AI supply chain and energy access; ③ KIA, with assets of approximately $1 trillion, is an important force in Kuwait's economic diversification strategy.
On ****, financial news reported (Editor: Qin Jiahe) that Kuwait's sovereign wealth fund - Kuwait Investment Authority (KIA) has joined the Microsoft-supported AI Infrastructure Investment Alliance, becoming the first major non-founder financial anchor in the alliance. This is also KIA's first significant investment in the field of artificial intelligence following the appointment of the new management head Sheikh Saoud Salem Al-Sabah.

The full name of the project is 'Global AI Infrastructure Investment Partnership', a fund led by $Microsoft (MSFT.US)$ and Blackrock, to be launched in September 2024, aimed at investing in AI infrastructure to strengthen the AI supply chain and energy acquisition.
The project seeks to raise $30 billion in funds through private equity and plans to leverage up to $100 billion in potential investments in the future.
The UAE investment institution MGX and Blackrock's global infrastructure partner company (GIP) are also partners in the fund, with NVIDIA providing technical support.
In March of this year, Musk's xAI announced its joining of the alliance, and NVIDIA also officially joined to collaboratively participate in the construction of data centers and other AI infrastructure. The project was subsequently renamed "AI Infrastructure Partnership (AIP)".
In addition to partnering with Technology companies, the alliance also collaborates with $NextEra Energy (NEE.US)$ and $GE Vernova (GEV.US)$ and other energy companies to provide energy solutions for artificial intelligence infrastructure.
The specific investment amount for KIA has not been disclosed this time.
Compared to KIA, other sovereign funds in the Gulf region have already begun to layout in the field of artificial intelligence.
MGX was jointly established by the Abu Dhabi sovereign fund Mubadala Investment Company and G42 Group, while the Saudi Public Investment Fund (PIF) has recently established a new company called HUMAIN focusing on investments in the artificial intelligence value chain, and is collaborating with international technology companies such as NVIDIA.
KIA's participation this time is also an active attempt to further expand its layout in artificial intelligence through international cooperation.
Established in 1953, KIA is one of the world's oldest sovereign wealth funds. It is estimated that KIA's current asset scale is about 1 trillion dollars, ranking second in the Middle East, second only to the Abu Dhabi Investment Authority (ADIA). Its investments cover several key areas such as ports, airports, and power transmission and distribution, making it an important force in Kuwait's economic diversification strategy.
Editor/joryn