Nvidia has locked in $500 billion in capital for AI infrastructure, joining forces with some of Wall Street’s biggest banks and investors to push deeper into the artificial intelligence buildout. The money is aimed at the hardware and facilities behind the AI boom, from data centers to the chip factories that feed them.
The chipmaker said it reached deals with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR. Those investors are treating AI hardware and infrastructure, often called compute, as a distinct asset class for the first time, underscoring how central the technology has become to the market.
Jensen Huang, Nvidia’s chief executive, said, “In AI, compute is revenue.” He added that the company is bringing major long-term capital providers together to independently finance AI infrastructure. Joe Bae and Scott Nuttall, the co-chief executives of KKR, said compute has become a critical infrastructure asset and stressed that delivery, not ambition, is the hard part when projects scale up.
The funding will support Nvidia’s own projects as well as work being developed with partners. That likely includes new data centers built to house, run and cool rows of stacked computer chips that handle AI data and actions. It will also help finance new factories to make the AI chips used in those systems and expand supply for buyers.
Nvidia’s rise sits at the center of the wider AI boom. Nearly every major technology and AI company relies on its graphics processing units, or GPUs, to power AI services, platforms and chatbots. Customers include Google, Meta, Amazon, Microsoft, SpaceX, Tesla, OpenAI and Anthropic. Their demand has helped lift Nvidia’s market value fivefold in three years.
