Nvidia targets $500 billion from investors to fuel the AI buildout
The chip giant is teaming up with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to expand access to financing for AI data centers and computing infrastructure.
Nvidia said on Monday it has partnered with six major financial institutions to launch compute-financing platforms aimed at raising more than $500 billion in third-party capital for AI infrastructure.
Nvidia CEO Jensen Huang said on X that the company has the option to backstop up to $125 billion, or 25% of the potential deals.
The move highlights how surging demand for AI computing capacity is drawing institutional investors as governments, companies and startups race to build data centers to support AI workloads.
Big Tech companies have signaled that spending on AI will not slow, with combined outlays expected to surpass $730 billion this year.
Nvidia signed memorandums of understanding with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to establish the financing platforms.
The initiative is intended to broaden access to Nvidia-based infrastructure among frontier AI developers, enterprises, governments and cloud providers, while creating longer-duration, usage-linked investment opportunities for large asset managers and private capital firms.
"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," Huang said.
Nvidia said the arrangements would "create dedicated pools of capital at significant scale at attractive rates" for its customers.
The company did not disclose the financial terms, investment commitments by individual firms or a timetable for deploying the planned $500 billion.
