In brief
In a landmark move, Nvidia has tapped $500 bn—from Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR—to fund a suite of AI infrastructure projects. The capital will support new data centres and chip‑manufacturing plants that will house Nvidia’s GPUs, which power the AI engines of tech giants such as Google, Meta, Amazon and Microsoft. The deal marks the first time AI hardware is treated as a standalone asset class by long‑term investment managers, and follows a broader trend of multimillion‑dollar AI‑related spending by the sector.
Nvidia has secured a $500 bn ($370 bn) investment round from leading Wall Street firms—including Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR—to bankroll AI infrastructure projects.
The funding will finance a new generation of data centres designed to house, operate and cool the vast racks of Nvidia GPUs that process AI tasks for major tech names such as Google, Meta, Amazon, Microsoft, SpaceX, Tesla, OpenAI and Anthropic.
“In AI, compute is revenue” remarks Jensen Huang, Nvidia’s CEO, as the firm outlines plans to use the capital for its own AI factories and for collaborations with partners who need large‑scale compute.
Executive leaders of KKR—Joe Bae and Scott Nuttall—added that as “compute has become a critical infrastructure asset”, the firm sees new delivery steps as the biggest challenge in scaling digital infrastructure.
BlackRock has already struck a deal with Meta to fund and own a Texas data centre, while Anthropic has secured investment from Macquarie Asset Management and GIC to meet growing demand for its Claude chatbot.
With the ability to raise capital from mainstream banks, Nvidia says it can accelerate the AI boom, creating a “new class of productive, investable infrastructure: AI factories.”
Image source: Reuters
