Wall Street giant AI investment tool is here, BlackRock teamed up with Microsoft to launch the 30 billion AI infrastructure fund.
Microsoft is a general partner of the new GAIIP fund, and Nvidia will provide expertise. The fund initially seeks to unlock $30 billion in capital, with a total investment potential of up to $100 billion in the future. BlackRock's CEO said that building AI infrastructure will unleash trillions of dollars in long-term investment opportunities.
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JPMorgan and Apple are in deep negotiations and are expected to take over the Apple credit card project from Goldman Sachs.
As Goldman Sachs decides to withdraw from the consumer finance business, Apple needs to find a new bank to take over its credit card project with over 12 million users, which is a huge customer resource for any bank. Currently, Apple is still in negotiations with JPMorgan, and due to the high-risk customers involved in Apple's credit card project, JPMorgan hopes to take over at a more favorable price. The top management of JPMorgan is paying attention to the negotiations with Apple because technology companies like Apple are challenging the traditional role of banks, and banks must consider collaborating with these technology companies.
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