Channel NewsAsia
AsiaPac · 1 hrs ago
Goldman in talks with investors on Nvidia financing deal after landing prized role, sources say
NEW YORK, Aug 14 (REUTERS) - Goldman Sachs is in talks with potential investors about participating in Nvidia's $500 billion AI financing initiative, after leveraging its long-standing relationship with the chipmaker to secure a coveted role in the deal, people familiar with the matter said.U.S. insurers, money managers and banks are expected to form the core investor base for the financing, one of the people said, while asset managers plan to retain a sizable share of the financing, a second source said. Nvidia announced on August 10 it has partnered with six major financial institutions including Goldman to launch compute platforms aimed at raising over $500 billion in third-party capital for AI infrastructure. The move highlights how surging demand for AI computing capacity is drawing i
Do you trust Channel NewsAsia?
Sign in to rate
Discussion
?
No comments yet — be the first to start the discussion!