SAN FRANCISCO: Nvidia has partnered with six major financial institutions to establish financing platforms aimed at raising more than $500 billion in third-party capital for artificial intelligence infrastructure.
The chipmaker said on Monday it had signed memorandums of understanding with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR for the initiative.
Nvidia CEO Jensen Huang said the company has the option to backstop up to $125 billion, equivalent to 25% of potential deals under the financing programme.
The initiative comes as demand for computing capacity continues to surge, driven by technology companies, governments and startups expanding data centres and other infrastructure required to develop and operate increasingly powerful AI systems.
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Major technology companies have indicated that AI investment will remain elevated, with their combined spending expected to exceed $730 billion this year.
Expanding access to AI computing
Nvidia said the financing platforms would create large pools of capital to help customers secure computing infrastructure at competitive rates.
“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.
The programme is expected to serve AI developers, enterprises, governments and cloud providers while providing long-term investment opportunities for major asset managers and private capital firms.
Nvidia did not disclose individual investment commitments, detailed financial terms or a timetable for deploying the planned $500 billion.
