Nvidia partners with Wall Street giants to raise $500 billion for AI buildout

Aug 10 : Nvidia said on Monday it has partnered with six major financial institutions to launch compute financing 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 institutional investors, as governments, companies and startups race to build out data centers to support AI workloads.Big Tech companies have signaled that spending on AI would ​not slow down, with combined outlays set to surpass $730 billion this year.Nvidia signed memorandums of understanding with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR for the financing platforms. The initiative is intended to broaden access to Nvidia-based infrastructure among frontier AI developers, enterprises, gover