Nvidia Secures $500 Billion Funding Commitment from Global Asset Managers
Nvidia has forged strategic partnerships with some of the world's largest asset managers to raise $500 billion in third-party capital for its artificial intelligence (AI) infrastructure.
The partnerships, which include Apollo Global Management, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs and KKR, will establish financing platforms for Nvidia's customers to build AI factories.
Nvidia CEO Jensen Huang described the company's compute as an 'investable asset' due to its broad adoption, flexibility and transferability across customers.
The partnerships aim to turn Nvidia's chips and full-stack AI infrastructure into an investable asset class for global capital, allowing customers to borrow from dedicated pools of capital at attractive rates.