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

Nvidia CEO Jensen Huang said on X that the company has the option to backstop up to $125 billion, or 25% of the poential deals.

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, governments and cloud providers, while creating longer-duration, usage-linked investment opportunities for large asset managers and private capital firms.

The company did not disclose the financial terms, investment commitments by individual firms or a timetable for deploying the planned $500 billion.

The Financial Times had reported the development first on Monday, later confirmed by Reuters.

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