Nvidia taps Wall Street for US$500 billion AI funding commitment
This will “create dedicated pools of capital at significant scale at attractive rates” for customers of the firm
Nvidia, the leading artificial intelligence chipmaker, has announced a partnership with Wall Street giants to raise US$500 billion for AI infrastructure. The coalition, which includes Apollo Global Management, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs, and KKR & Co, will create dedicated pools of capital for Nvidia's customers at attractive rates.
Nvidia CEO Jensen Huang approached only these six firms, and none declined the partnership. The funding aims to provide access to scarce compute for Nvidia's largest customers and support the construction of AI factories. Nvidia has already secured hundreds of billions of dollars in deals with companies in the AI ecosystem, raising concerns about inflated demand and valuations.
The financing platforms will be third-party capital, offering high credit quality and attractive yields for investors.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
