The initiative is also meant to expand Nvidia’s customer base beyond hyperscalers, some of which are developing their own components; to show that some of the largest Wall Street firms are set to arrange financing for chip deals; and to ease investors’ concerns that circular financing, including Nvidia’s investments in some of its clients, could stoke a bubble in the AI industry, according to the report.
One person involved in the announcement of the initiative described the project as an advertisement to customers and investors, per the report.
As PYMNTS reported Monday, Nvidia’s partners in the AI financing initiative include Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR. The partnerships remain subject to the execution of final agreements.
Nvidia and the six financial institutions will establish independent compute platforms designed to mobilize over $500 billion of third-party capital for the buildout of AI infrastructure.
The compute financing platforms will be established at global scale, and the partnerships will see Nvidia work with the firms to create dedicated pools of capital at scale at attractive rates for Nvidia customers.
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