A group of six giant US investment firms are nearing a partnership with Nvidia Corp. to provide $500 billion in funding for the buildout of AI infrastructure. This effort is designed to raise money for Nvidia customers to pay for computing power.
Among the firms committed to the deal are Apollo, Blackstone, and BlackRock.
The move highlights how surging demand for AI computing capacity is drawing institutional investors. It further underscores the growing role of private capital in financing the costs of the artificial intelligence boom.