Nvidia Corp. has partnered with six major Wall Street financial institutions to raise more than $500 billion in capital for the buildout of artificial intelligence infrastructure. The participating firms include Apollo Global Management Inc., BlackRock Inc., Blackstone Inc., Brookfield Corp., The Goldman Sachs Group, and KKR.
The initiative involves the creation of dedicated debt pools intended to help Nvidia's customers pay for computing power. Nvidia CEO Jensen Huang stated that the company has the option to backstop up to $125 billion, representing 25% of the potential deals.
This move highlights the surging demand for AI computing capacity and the growing role of private and institutional capital in financing the costs of the artificial intelligence boom. However, the creation of these debt pools for Nvidia's customers has also deepened scrutiny of the company's circular AI deals.