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In September 2024, BlackRock and Microsoft announced a $30 billion fund, the Global AI Infrastructure Funding Partnership, to spend money on AI infrastructure such as information centers and energy initiatives. Regardless Of CrowdStrike’s CEO George Kurtz clarifying that the difficulty was not a cyberattack, the incident had widespread penalties, leading to delays in air travel, financial transactions, and medical providers globally. On July 19, a global IT outage impacted Microsoft companies, affecting companies, airlines, and monetary establishments worldwide.
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