A new BlackRock deal could wisely position the asset manager to capitalize on surging demand for power as the generative AI boom shows no signs of slowing down. The news Global Infrastructure Partners (GIP), the infrastructure fund manager purchased by BlackRock, is nearing a $38 billion deal to acquire renewable power company AES , according to the Financial Times . If this were to happen, it would be one of the largest infrastructure takeovers in history. AES, a prominent utility in the U.S., owns and operates power plants across the globe. The firm has provided energy solutions for the world's largest tech companies, including Club holdings Amazon , Microsoft , and Meta Platforms , as each of them increases their artificial intelligence spending and looks to build more power-hungry data

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