Nvidia Raises up to $500 Billion for AI Data Centers with Wall Street Giants

Nvidia, often considered a major beneficiary of the AI boom, has announced the creation of a fund that could channel over $500 billion into AI infrastructure. The fund will be financed by institutional investors, with memorandums of understanding signed with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR, according to Reuters. Nvidia may invest up to $125 billion, or up to 25% of the funding needed for specific projects supported by the fund. Capital expenditures of major US technology companies are expected to exceed $760 billion this year, and Nvidia is participating in financing this process. The financial platforms referenced by Nvidia are expected to allow clients to access desired computing resources and build AI factories that 'will fuel every industry and country in the AI era,' as Nvidia's founder and CEO Jensen Huang explained. The fund's resources will be directed to AI infrastructure projects by Nvidia clients, with financing provided on attractive terms.