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.

Private investment firms that are helping finance America’s artificial intelligence race and the huge buildout of energy-hungry data centers are getting interested in the local utilities that deliver electricity to regular customers — and the servers that power AI.

BlackRock is buying credit investment manager HPS Investment Partners in a stock deal valued at about $12 billion, giving it more ways to service its insurance clients.

New Zealand’s government says it will partner with U.S. investment giant BlackRock as it aims to become one of the first nations in the world to have its electricity grid run entirely from renewable energy.

Florida will pull $2 billion from the largest asset-management firm in the world over ideological differences.

A federal oversight board is ordering the United Mine Workers of America to pay more than $13 million in compensation to an Alabama coal company where members have been on strike for more than a year.