Nvidia, xAI and two energy giants join genAI infrastructure initiative

The new AIP members will “further strengthen the partnership’s technology leadership as the platform seeks to invest in new and expanded AI infrastructure. Nvidia will also continue in its role as a technical advisor to AIP, leveraging its expertise in accelerated computing and AI factories to inform the deployment of next-generation AI data center infrastructure,” the group’s statement said. “Additionally, GE Vernova and NextEra Energy have agreed to collaborate with AIP to accelerate the scaling of critical and diverse energy solutions for AI data centers. GE Vernova will also work with AIP and its partners on supply chain planning and in delivering innovative and high efficiency energy solutions.”

The group claimed, without offering any specifics, that it “has attracted significant capital and partner interest since its inception in September 2024, highlighting the growing demand for AI-ready data centers and power solutions.”

The statement said the group will try to raise “$30 billion in capital from investors, asset owners, and corporations, which in turn will mobilize up to $100 billion in total investment potential when including debt financing.”

Forrester’s Nguyen also noted that the influence of two of the new members — xAI, owned by Elon Musk, along with Nvidia — could easily help with fundraising.

Musk “with his connections, he does not make small quiet moves,” Nguyen said. “As for Nvidia, they are the face of AI. Everything they do attracts attention.”

Info-Tech’s Bickley said that the astronomical dollars involved in genAI investments is mind-boggling. And yet even more investment is needed — a lot more.