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Temasek Joins Microsoft, BlackRock and Mgx to Develop AI Infrastructure
Published by Global Banking & Finance Review®
Posted on June 12, 2025
2 min readLast updated: January 23, 2026
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Temasek joins Microsoft, BlackRock, and MGX to invest over $30 billion in AI infrastructure, focusing on data centers and energy facilities.
Temasek Partners with Microsoft and BlackRock to Boost AI Infrastructure
By Yantoultra Ngui
SINGAPORE (Reuters) -Temasek has joined a consortium backed by Microsoft, BlackRock and tech investment company MGX to invest and expand artificial intelligence infrastructure, according to BlackRock's investor day presentation slides on Thursday.
The Singapore state investment company has joined AI Infrastructure Partnership, a group that also includes BlackRock's Global Infrastructure Partners, the slides showed.
AIP, formed in September with a goal to initially invest more than $30 billion in AI-related projects, is one of the world's largest efforts to invest in data centres and energy facilities needed to power AI applications such as ChatGPT.
It aims to mobilise up to $100 billion including debt financing for such investments, which will focus on the United States.
Temasek's participation comes after the Kuwait Investment Authority joined AIP earlier in June.
The sovereign wealth fund of Kuwait was the first non-founder financial anchor investor to join the consortium, which also counts partners including Nvidia and billionaire Elon Musk's xAI.
"Temasek's investment in the AI Infrastructure Partnership reflects our focus on the big shifts and trends of the future," Ravi Lambah, Temasek's head of strategic initiatives, said in an email to Reuters.
"AI is potentially the most transformative and impactful technology for all sectors and businesses," he added.
Temasek did not disclose financial details of the investment. The global investment company had a net portfolio value of S$389 billion ($304 billion) as of March 31, 2024, according to its website.
($1 = 1.2804 Singapore dollars)
(Reporting by Yantoultra Ngui; Editing by Muralikumar Anantharaman)
Key Takeaways
- •Temasek joins AI Infrastructure Partnership with Microsoft and BlackRock.
- •The consortium plans to invest over $30 billion in AI projects.
- •Focus on developing data centers and energy facilities for AI.
- •AIP aims to mobilize up to $100 billion including debt financing.
- •Temasek's investment aligns with future transformative tech trends.
Frequently Asked Questions about Temasek joins Microsoft, BlackRock and MGX to develop AI infrastructure
1What is the purpose of the AI Infrastructure Partnership?
The AI Infrastructure Partnership aims to invest and expand artificial intelligence infrastructure, focusing on data centers and energy facilities needed for AI-related projects.
2How much is the AI Infrastructure Partnership planning to invest?
The partnership is set to initially invest more than $30 billion in AI-related projects, with a goal to mobilize up to $100 billion including debt financing.
3Who are the key partners in the AI Infrastructure Partnership?
Key partners include Microsoft, BlackRock, MGX, Nvidia, and Elon Musk's xAI, along with Temasek and the Kuwait Investment Authority.
4What did Temasek's head of strategic initiatives say about AI?
Ravi Lambah stated that AI is potentially the most transformative and impactful technology for all sectors and businesses, reflecting Temasek's focus on future trends.
5What was Temasek's portfolio value as of March 31, 2024?
As of March 31, 2024, Temasek had a net portfolio value of S$389 billion, which is approximately $304 billion.
