A group including BlackRock, Nvidia and Microsoft is buying Aligned Data Centers in an approximately $40 billion deal in an effort to expand next-generation cloud and artificial intelligence infrastructure.
The acquisition comes amid a flurry of deals in recent months involving top AI developers that are flooding the booming AI sector with resources and money, and addressing resources -- such as electricity and infrastructure -- needed to support such technology.
Last week it was revealed that semiconductor maker AMD will supply its chips to artificial intelligence company OpenAI as part of an agreement to team up on building AI infrastructure. OpenAI will also get the option to buy as much as a 10% stake in AMD, according to a joint statement announcing the deal.
Last month, OpenAI and Nvidia announced a $100 billion partnership that will add at least 10 gigawatts of data center computing power.
Aligned’s portfolio includes 50 campuses and more than 5 gigawatts of operational and planned capacity, including assets under development, mostly located across the U.S. and in Latin America. Some locations include northern Virginia; Chicago; Dallas; Ohio; Phoenix; Salt Lake City; Sao Paulo, Brazil; Queretaro, Mexico; and Santiago, Chile.
Aligned, which is privately held, will continue to be led by CEO Andrew Schaap and keep its headquarters in Dallas.
One of the sellers, Macquarie Asset Management, initially invested in Aligned in 2018. Ben Way, head of Macquarie Asset Management, said in a statement, “The scaling of Aligned Data Centers from two locations to 50 in seven years is representative of our approach to working with great companies and teams to support their rapid growth and deliver positive impact.”
The transaction is the first deal for the investment consortium, which is named the Artificial Intelligence Infrastructure Partnership. The consortium has an initial target of mobilizing and deploying $30 billion of equity capital, with the potential of reaching $100 billion including debt.
“AIP is positioned to meet the growing demand for the infrastructure required as AI continues to reshape the global economy," BlackRock Chairman and CEO and AIP Chairman Larry Fink said in a statement. “This partnership is bringing together leading companies and mobilizing private capital to accelerate AI innovation and drive global economic growth and productivity.”
The deal is expected to close in the first half of 2026.
Shares of Nvidia rose about 1% in morning trading.
FILE - People take a look to Nvidia''s new products during the Computex 2025 exhibition in Taipei, Taiwan, Wednesday, May 21, 2025. (AP Photo/Chiang Ying-ying, File)
FILE -Flags fly on the front of BlackRock headquarters, Wednesday, Jan. 13, 2021, in New York. . (AP Photo/Mark Lennihan, File)
PITTSBURGH (AP) — Konnor Griffin endured plenty of emotions when the 19-year-old shortstop learned the Pittsburgh Pirates were calling him up to the majors just a week into the season.
Shock was not one of them.
“I'm ready for this,” Griffin said Friday, just hours before making his major league debut against Baltimore at PNC Park.
He certainly looked ready, delivering an RBI double off Baltimore's Kyle Bradish in his first at-bat to help the Pirates to a 5-4 victory.
The Pirates are betting more big moments are on the way after making Griffin the first position player to arrive in the majors before his 20th birthday since Juan Soto did it with Washington in 2018.
Just 628 days after Pittsburgh selected him with the ninth pick in the 2024 amateur draft, the athletic and mustachioed 6-foot-3 Griffin found a No. 6 jersey hanging in his locker at PNC Park and his name penciled in the seventh spot in the lineup against the Orioles.
On the surface, it seems fast. The reality is that Griffin checked every box — and checked every box quickly — while sprinting through the Pirates' system. The final steps came over the last week when he hit .438 in a handful of games for Triple-A Indianapolis.
Pittsburgh manager Don Kelly felt Griffin was “pressing” near the end of spring training, when he smashed three homers but also hit just .171. The club made Griffin one of the last cuts before the opening-day roster was set. Yet rather than sulk, he headed to Triple-A, made a couple of adjustments, and saw immediate results.
“He just went right down and hit his stride and was able to reset in a couple of days,” Kelly said. “Which again, for anybody, is really impressive, especially for a 19-year-old kid whose hopes and dreams were to make the big leagues.”
That doesn't make Griffin unlike the millions of kids who pick up a bat when they're in elementary school. It's everything that has come after it, however, that has set Griffin apart. He raced through the lower levels of the minors last year, hitting 21 homers, driving in 94 runs, and stealing 65 bases while showcasing the range to play one of the game's most demanding defensive positions.
Yet it's not just the tangible on-field things that won the organization over. Griffin has long carried himself with the maturity of someone far older. He married his high school sweetheart, Dendy, over the winter. And she was the first one he told after Indianapolis manager Eric Patterson called Griffin to his hotel room in Columbus early Thursday to tell him he was heading to The Show.
The next 24 hours were a blur. From the short drive from Columbus to Pittsburgh to the scramble for the Mississippi native's family to make it to the ballpark that's tucked hard against the Allegheny River in time for Friday's first pitch.
Finally, just after noon, Griffin was able to relax. He trotted out to shortstop and took grounders, his frame and arm making him look very much the part of the role he's been preparing for since he was 5.
Griffin's skillset has drawn comparisons to the likes of Hall of Famer Cal Ripken Jr., heady territory for someone less than two years removed from his high school graduation. Still, he's not getting ahead of himself.
“Today is the first day of carving out a legacy that I want to build,” he said. "And I’m ready to do that and try to be right up there with those top guys.”
Griffin is the latest in a string of high-profile arrivals in Pittsburgh, from reigning NL Cy Young Award winner Paul Skenes to rookie right-hander Bubba Chandler to catcher Henry Davis.
The future that's been talked about since general manager Ben Cherington was hired in late 2019 is finally arriving. And perhaps it's telling of how far the club has come that Griffin is joining a roster that has undergone a significant upgrade in recent months with the additions of All-Star second baseman Brandon Lowe, All-Star first baseman/outfielder Ryan O'Hearn and veteran designated hitter Marcell Ozuna.
“This team is loaded,” Griffin said. “I get to come in here and just be a piece of this puzzle.”
Perhaps a very big piece. For a very long time. The Pirates and Griffin have engaged in talks about a contract extension that would lock him up for most of the next decade.
Griffin demurred when asked about it on Friday, though he made his intentions very clear.
“All I’m going to say is, I want to be a Pirate for a long time,” he said. "This is a special place and I’m thankful to be here.”
Perhaps most importantly because it means he can shed the “top prospect” label and stop focusing so much on his individual development and instead turn his attention to helping the Pirates make a playoff push for the first time since the mid-2010s.
“Now it’s time to take all the skills that I’ve learned,” he said, "all the adjustments I’ve made. It’s time to go put them on the field and go win some games.”
AP MLB: https://apnews.com/mlb
Pittsburgh Pirates' Konnor Griffin celebrates after hitting an RBI double, his first Major League career hit and run, during the second inning of a baseball game against the Baltimore Orioles in Pittsburgh, Friday, April 3, 2026. (AP Photo/Gene J. Puskar)
Pittsburgh Pirates' Konnor Griffin (6) is introduced for his major league debut before a baseball game against the Baltimore Orioles in Pittsburgh, Friday, April 3, 2026. (AP Photo/Gene J. Puskar)
Pittsburgh Pirates' Konnor Griffin sprints for home to score a run during the second inning of a baseball game against the San Diego Padres in Pittsburgh, Friday, April 3, 2026. (AP Photo/Gene J. Puskar)
Pittsburgh Pirates' Konnor Griffin hits an RBI double, his first Major League career hit and run, during the second inning of a baseball game against the Baltimore Orioles in Pittsburgh, Friday, April 3, 2026. (AP Photo/Gene J. Puskar)
Pittsburgh Pirates' Konnor Griffin, right, follows manager Don Kelly, center, and owner Bob Nutting into a meeting with reporters before making his Major League Baseball debut in the Pirates' home-opener against the Baltimore Orioles, Friday, April 3, 2026, in Pittsburgh. (AP Photo/Gene J. Puskar)
Pittsburgh Pirates' Konnor Griffin meets with reporters before making his Major League Baseball debut in the Pirates' home-opener against the Baltimore Orioles, Friday, April 3, 2026, in Pittsburgh. (AP Photo/Gene J. Puskar)
Pittsburgh Pirates' Konnor Griffin meets with reporters before making his Major League Baseball debut in the Pirates' home-opener against the Baltimore Orioles, Friday, April 3, 2026, in Pittsburgh. (AP Photo/Gene J. Puskar)
