The Kuwait Investment Authority (KIA) has marked its entry into the artificial intelligence arena as the first non-founder financial anchor investor in the AI Infrastructure Partnership (AIP). The partnership was initiated last year by Abu Dhabi-based MGX, Microsoft, BlackRock, and Global Infrastructure Partners (GIP), a part of BlackRock.

Renowned as one of the largest sovereign wealth funds globally, KIA manages approximately USD 1 trillion in assets. This strategic move into AI signifies a significant milestone in the fund's investment in technological advancements.

Established in September last year, AIP aims to mobilize USD 30 billion in equity capital from investors, asset owners, and corporations, with the potential to expand up to USD 100 billion, including debt financing. It has rapidly become a leading AI infrastructure platform, bolstered by technology partners like NVIDIA, xAI, and Cisco, alongside agreements with GE Vernova and NextEra Energy to expedite energy solutions for AI data centers.

KIA’s involvement in AIP elevates the partnership's global influence, facilitating further investments in next-generation AI infrastructure and emphasizing collaboration between regional and international entities to enhance AI's capabilities.

Sheikh Saoud Salem Abdulaziz Al-Sabah, Managing Director of the Kuwait Investment Authority, stated, "KIA’s participation in AIP illustrates our long-term dedication to investing in transformative global infrastructure that spurs innovation and economic progress. We see AI infrastructure as a vital catalyst for future growth and are honored to work alongside prominent global partners to amplify its development."

Ahmed Yahia Al Idrissi, Managing Director and CEO of MGX, commented, "We are thrilled to welcome KIA as a strategic capital partner, marking a pivotal milestone that underscores the strength and enduring vision of the AIP Partnership. As the demand for AI infrastructure grows, it's imperative to scale our investments and expedite execution with the support of our global partners.”

Kuwait's Investment Fund Joins AI Infrastructure Partnership

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