BlackRock is teaming up with Microsoft to invest in data centers and other infrastructure that supports artificial intelligence.

The strategy, called the Global AI Infrastructure Investment Partnership, will aim to attract $30 billion in private equity capital, raising that to as much as $100 billion in investment, the companies said in a statement Tuesday.

The infrastructure investments — including energy projects — will mostly be in the United States, with a portion of the money going to U.S. partner countries, the statement said.

“Raising private capital to build AI infrastructure like data centers and energy will open up a multibillion-dollar long-term investment opportunity,” BlackRock CEO Larry Fink said in the statement.

The companies are also partnering with Global Infrastructure Partners and Abu Dhabi-based MGX, which was created this year specifically to invest in AI.