Nvidia links with Wall Street firms for $500bn AI financing deal
AI Summary
Nvidia has partnered with six major Wall Street firms including Apollo, BlackRock, Goldman Sachs, and KKR to raise over $500 billion for artificial intelligence infrastructure development. Nvidia CEO Jensen Huang stated the company could backstop up to $125 billion as part of the deal.
Apollo, BlackRock, Goldman Sachs and KKR among those working with chipmaker to fund infrastructure Nvidia has partnered with six major Wall Street financial institutions to raise more than $500bn (£370bn) capital for artificial intelligence infrastructure. The Nvidia chief executive, Jensen Huang, said on X that the company has the option to backstop up to $125bn, or 25% of the potential deals. Continue reading...