Nvidia taps Wall Street for half a trillion dollars to fuel global AI infrastructure buildout
Some of Wall Street’s biggest financial firms are partnering with Nvidia Corp. to pour half a trillion dollars of funding into the artificial intelligence industry’s massive infrastructure buildout. Nvidia said today it has struck deals with Apollo Global Management Inc., BlackRock Inc., Blackstone Inc., Brookfield Corp., The Goldman Sachs The Goldman Sachs Group and KKR […] The post Nvidia taps…
Major financial institutions, including Apollo Global Management, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR, have teamed up with Nvidia Corp. to invest half a trillion dollars in the global artificial intelligence industry's infrastructure development. This marks the first time investors are treating AI hardware and infrastructure as an asset class similar to stocks, bonds, and commodities.
Nvidia CEO Jensen Huang emphasized that "compute is revenue" in AI. The funds will be used for data center construction, manufacturing new chips, and supporting partners' projects. Nvidia, the leading beneficiary of the AI boom, has supplied chips to major AI firms like Google, Microsoft, Meta, Amazon, SpaceX, OpenAI, and Anthropic, with these companies collectively spending over a trillion dollars on AI projects in the past three years.
By using institutional credit and private capital, Nvidia helps customers secure financing without using their own resources. This shift in perception positions compute capacity as a long-term, bankable asset class, similar to electricity and the internet. However, the industry's reliance on a few key players has raised concerns about potential financial instability.
Written by urgent.news from SiliconANGLE's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
