Nvidia taps Wall Street for $500-B war chest




Nvidia has struck deals with some of Wall Street’s biggest financial firms to help its customers finance the massive computing power needed for the artificial intelligence (AI) boom.
The chip giant is partnering with Apollo Global Management, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs and KKR to establish “compute financing platforms” aimed at deploying more than $500 billion in outside capital in the coming years.
The financing pools are designed to give Nvidia customers access to capital at “attractive rates” as companies pour billions into chips, data centers and other AI infrastructure.
“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,” Nvidia CEO Jensen Huang said.
The agreements come as Wall Street increasingly races to finance the costly AI infrastructure boom through debt, private capital and other financing arrangements.