Nvidia Partners With Wall Street Giants to Mobilize $500B for AI

Justin Sullivan via Getty ImagesNvidia is partnering with six of the world’s largest financial firms to raise more than $500 billion in third-party capital for AI infrastructure.On Monday, the chipmaker said it has entered agreements with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to establish independent compute financing platforms for Nvidia customers.The platforms are intended to provide dedicated pools of capital to customers, including frontier AI labs, enterprises and AI cloud providers, helping them finance data center construction and the use of Nvidia hardware.Nvidia CEO Jensen Huang said the development is a milestone in the company’s AI expansion.“We began by building chips; today, we are helping create a new class of productive, investable infrastructure: AI factories,” he said in a blog post. “These financing platforms will help customers access scarce compute at scale and build the AI factories that will power every industry and country in the age of AI.”Related:SpaceX, Tesla to Spend $16.8B on Terafab Chip Factory in TexasThe deals, Nvidia said, also elevate AI hardware and infrastructure to an “investable asset” class for the first time, pointing to a wider recalibration in how the industry perceives (and harnesses) compute capacity.Leaders from the Wall Street group similarly framed compute as having made a rapid shift to become of strategic financial importance.“The AI buildout will require unprecedented investment and a skilled workforce to turn that investment into the infrastructure that will help power future growth,” BlackRock CEO Larry Fink said in a statement. “Together, we can help deliver the compute capacity … [to support] the continued growth of the U.S. and global economies.”“We’re in a pivotal moment of a historic AI investment cycle,” Goldman Sachs CEO David Solomon said in a statement. “Nvidia’s full-stack platform is in high demand and uniquely positioned at the center of that global buildout.”The plan comes as AI companies and cloud providers commit increasingly large sums to data centers, power and accelerated computing. An IEA report released in April found capital expenditure by five large technology companies exceeded $400 billion in 2025 and is expected to increase by another 75% in 2026 -- with spending largely driven by data center investment.The partnerships remain subject to execution of the final agreements.About the AuthorContributing WriterScarlett Evans is a freelance writer with a focus on emerging technologies and the minerals industry. Previously, she served as assistant editor at IoT World Today, where she specialized in robotics and smart city technologies. Scarlett also has a background in the mining and resources sector, with experience at Mine Australia, Mine Technology and Power Technology. She joined Informa in April 2022 before transitioning to freelance work.