Nvidia teams with Wall Street firms to help finance $500 billion for AI infrastructure

Nvidia has partnered with six major financial institutions - Apollo Global Management, BlackRock, Blackstone, Brookfield Asset Management, Goldman Sachs, and KKR - to launch compute financing platforms. The goal is to raise over $500 billion in third-party capital to fund the buildout of AI infrastructure. This initiative aims to broaden access to Nvidia-based infrastructure among frontier AI developers, enterprises, governments, and cloud providers.

The partnership will create dedicated pools of capital at significant scale at attractive rates for Nvidia customers. According to Nvidia CEO Jensen Huang, these financing platforms will help customers access scarce compute at scale and build the AI factories that will power every industry and country in the age of AI. The funds will be used to support various projects, including the construction of new data centers and manufacturing facilities to produce Nvidia's graphics processing units.

The move highlights the surging demand for AI computing capacity, with Big Tech companies signalling that spending on AI would not slow down, with combined outlays set to surpass $730 billion in 2026, according to Straits Times Business. Nvidia has become a key player in the AI boom, with its chips widely used to process AI workloads.

Brief written by urgent.news from MarketWatch, SiliconANGLE, Straits Times Business, The Business Times - Companies & Markets, Free Malaysia Today — 5 reports on this story. Machine-written — it may contain errors, so check the original before relying on it.