The companies have yet to finalise a deal, but an agreement could be announced within days, Bloomberg said, citing people familiar with the matter.

“Abu Dhabi-based AI investment firm MGX, established by sovereign wealth fund Mubadala and G42 as founding partners, is also involved in the talks and will invest independently as part of a transaction,” the report said.

Blackrock declined to comment on the report. GIP, Aligned, Macquarie, and Mubadala did not immediately respond to a Reuters request for comment.

The enormous uptake of AI, both in business and personal use, has prompted a host of companies to invest in AI data centres.

McKinsey estimates that those investments to reach US$6.7 trillion by 2030 to meet computing power demand.

Texas-based Aligned, which specialises in AI-related infrastructure, raised more than US$12 billion in January.