Wall Street giants partner with Nvidia on $500bn AI financing deal
Apollo, Blackstone and Goldman Sachs are among groups working with the chipmaker to raise capital for data centre boom
The world’s largest financial groups are working with Nvidia to assemble a $500bn funding package for AI infrastructure development, in one of Wall Street’s most ambitious lending efforts to date.
A consortium of groups including Apollo Global, Blackstone, BlackRock’s Global Infrastructure Partners unit, Brookfield Asset Management, Goldman Sachs and KKR is entering a partnership with Nvidia to invest in the AI build-out, five people briefed on the talks told the FT.
The deal could be announced as soon as Monday, the people said.
The partnership underscores Nvidia’s growing efforts to raise capital for itself and its clients to continue assembling the chips, power production and data centres at the heart of the AI boom.
It also shows how Nvidia is building relationships with the giants of the private capital industry, which are collectively preparing to invest trillions of dollars of their insurance, retail and institutional investor assets into AI infrastructure.
In recent years, private capital groups such as Apollo and Blackstone have structured AI infrastructure deals to assist companies like Anthropic finance their heavy spending on chips and data centres.
Apollo, Blackstone, Brookfield, BlackRock, Goldman and KKR did not immediately respond to requests for comment. Neither did Nvidia respond to requests for comment.