Nvidia Secures $500 Billion Funding Commitment from Wall Street Giants

Nvidia Corp has partnered with six Wall Street giants to secure $500 billion in financing for artificial intelligence infrastructure.

The coalition, which includes Apollo Global Management Inc, Blackstone Inc, BlackRock Inc, and Brookfield Asset Management, will provide dedicated pools of capital at attractive rates for Nvidia customers.

Nvidia Chief Executive Officer Jensen Huang said the effort aims to bring the world's leading long-term capital providers together to independently underwrite AI infrastructure.

The financing will focus on debt, providing access to compute power for Nvidia's largest customers, and there are already many deals in the works that would qualify toward this commitment.