Wall Street backs Nvidia with $500B to build AI infrastructure
TL;DR Summary
Nvidia said it secured about $500 billion from Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to fund AI infrastructure, including new data centers and chip-manufacturing capacity. The funding treats AI compute as a distinct asset class and will back Nvidia’s own projects as well as those built by its partners, aiming to meet soaring demand from major tech companies for AI workloads.
- Nvidia gets $500bn from major investors to develop AI infrastructure BBC
- NVIDIA Partners With Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to Establish AI Compute Infrastructure Financing Platforms to Mobilize Over $500 Billion of Third-Party Capital NVIDIA Newsroom
- Nvidia’s $500B Bet To Make AI Compute Wall Street’s Next Asset Class Forbes
- Wall Street giants partner with Nvidia on $500bn AI financing deal Financial Times
- Nvidia lines up $500 billion in financing as CEO Jensen Huang tells CNBC his chips are ‘investable asset’ CNBC
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