(Bloomberg) — HSBC Holdings Plc wants to join the rush to finance the infrastructure needed to deploy artificial intelligence, according to one of the bank’s most senior investment bankers.
“We’re expanding our presence in infrastructure finance right now,” Gerry Keefe, co-head of global banking coverage at HSBC, said in an interview with Bloomberg Television on Monday. “That’s going to be a focal point for the next couple of years.”
Last week, BlackRock Inc. and Microsoft Corp. said they would partner as part of a group seeking to raise $30 billion in private equity to build data warehouses and energy infrastructure for the expansion of AI technology.
“There’s never been more capital available to fund this type of activity,” Keefe said. “We’ve recently focused on digital infrastructure and helped build out the energy infrastructure and data centers that are needed for the computing power that will support this AI boom.”
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