Nvidia, Wall Street asset managers partner on $500B AI push
Nvidia has partnered with six major asset managers to launch a $500 billion financing initiative for AI compute infrastructure. The program aims to treat AI chips as a long-term, revenue-generating asset class similar to real estate.
Why it matters
This initiative represents a significant shift in how AI hardware is financed, potentially accelerating the global build-out of data centers.
Nvidia is attempting to turn its artificial intelligence chips into Wall Street's newest asset class, partnering with six large asset managers on a $500 billion financing push designed to treat compute infrastructure much like commercial real estate, toll roads or other assets to borrow against.
The chipmaker signed memorandums of understanding with Apollo Global Management, Blackstone, BlackRock , Brookfield Asset Management, Goldman Sachs and KKR to establish financing platforms for Nvidia's customers, the company said Monday in a statement .
Executives from the seven companies joined CNBC's Becky Quick in a rare, live joint interview to discuss the announcement.
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