Nvidia, the American company, announced a strategic alliance with major American financial institutions to secure $500 billion in funding for artificial intelligence infrastructure.
Bloomberg reported that the major institutions include Apollo Global Management, Blackstone, BlackRock, Brookfield Asset Management, and Goldman Sachs.
The company explained that this alliance will work to "create dedicated pools of large-scale capital at favorable interest rates for Nvidia customers." CEO Jensen Huang confirmed in an interview with CNBC that he approached these companies solely for funding commitments, and none of them refused.
Huang described the initiative as a paradigm shift in how semiconductors are viewed, stating, "This is the first time that technology chips have become investable assets—income-generating, long-lived, tradable, and flexible assets." He added that the company aims to transform computing power into a productive and investable infrastructure, referring to it as "artificial intelligence factories."
The report indicated that the financing will focus primarily on debt instruments to provide access to computing power for Nvidia's largest customers, noting that several deals are already in the works.
This announcement comes at a time when trillions of dollars are expected to be spent on data centers, power stations, and chips needed to support the new era of artificial intelligence.
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