Nvidia is partnering with six major Wall Street asset managers on a $500 billion financing push meant to turn AI chips into a new class of asset that can be borrowed against, similar to commercial real estate or toll roads.
CNBC reports that the chipmaker signed memorandums of understanding with Apollo Global Management, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs and KKR to set up financing platforms for Nvidia’s customers, the company said Monday in a statement.
The effort aims to mobilize more than $500 billion in third-party capital for hyperscalers, frontier AI labs and enterprises to build data centers and buy Nvidia hardware. By drawing on institutional credit, insurance...
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