Nvidia to team with Wall Street on US$500 billion package for AI infrastructure projects
A group of US investment giants are partnering with Nvidia on US$500 billion in funding for AI infrastructure projects, the Financial Times reported. Apollo Global Management, Blackstone, BlackRock’s Global Infrastructure Partners, Brookfield Asset Management, Goldman Sachs and KKR are among the firms in talks with Nvidia on a deal to invest in the AI buildout, the Financial Times reported,…
US investment giants, including Apollo Global Management, Blackstone, BlackRock’s Global Infrastructure Partners, Brookfield Asset Management, Goldman Sachs, and KKR, are reportedly teaming up with Nvidia to fund AI infrastructure projects worth US$500 billion. According to the Financial Times, which cited unidentified sources, these firms are in discussions with Nvidia to invest in the AI buildout, and the deal could be announced as early as Monday.
However, both Nvidia and the named firms declined to provide comment on the matter. Nvidia's shares experienced a decline of up to 3.2% following the news. The company has already secured numerous deals worth hundreds of billions of dollars within the AI ecosystem, which has prompted concerns among investors regarding Nvidia's potential inflation of demand and valuations.
Last month, Nvidia expanded its partnership with South Korean conglomerate SK Group, committing to over US$500 billion in business together. The Financial Times report did not specify the projects or companies that would benefit from the funding, nor did it clarify whether the US$500 billion represented new commitments or pre-existing investments.
Written by urgent.news from SCMP Tech's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
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