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Nvidia Unveils $500 Billion AI Financing Plan Amid Slow Deal Progress
Nvidia's CEO Jensen Huang has unveiled a massive plan to finance AI computing deals worth $500 billion. This move comes after months of slow progress on complex debt deals with Goldman Sachs Group Inc., Blackstone Inc., and Apollo Global Management Inc.
The group had been working to help developers of artificial intelligence systems pay for chips from Nvidia Corp. However, the pace of these deals was sluggish, prompting Huang to take a more public approach.
The goal is to collectively finance AI computing deals totaling $500 billion. This figure is round and has no clear origin, but it underscores the scale of Nvidia's ambitions in the AI space.