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Nvidia Secures $500 Billion Funding Commitment from Wall Street Giants
Nvidia Corp. has partnered with several major US investment firms to secure $500 billion in financing for artificial intelligence infrastructure.
The partnership includes Apollo Global Management Inc., Blackstone Inc., BlackRock Inc., and Brookfield Asset Management, according to a recent announcement.
This massive funding commitment will be used to support the development of AI technology, which is becoming increasingly crucial for various industries, including gaming, healthcare, and finance.
Nvidia's move comes as Intel Corp. also raised $20 billion in an upsized share sale, exceeding its initial target by a third.