Nvidia has secured a staggering $500bn from a coalition of Wall Street’s leading banks and investment firms, marking a historic investment in AI infrastructure.
The chipmaker announced deals with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR, who for the first time are treating AI hardware and software – the so‑called ‘compute’ – as a distinct asset category.
“In AI, compute is revenue,” CEO Jensen Huang said. “We are bringing the world’s leading long‑term capital providers together to independently underwrite AI infrastructure.”
Funds raised will be channeled into Nvidia’s own expansion and projects initiated by its partners. New data‑centres will be built to host, operate and cool miles of stacked GPUs, while additional factories will scale production of the very chips that power today’s flagship AI services.
Industry leaders such as Joe Bae and Scott Nuttall of KKR stress that “compute has become a critical infrastructure asset” and that delivery, not ambition, remains the toughest hurdle as digital infrastructure grows.
Every major AI‑driven company – Google, Meta, Amazon, Microsoft, SpaceX, Tesla, OpenAI and Anthropic – relies on Nvidia GPUs. Together, these firms have already invested over $1tn in AI projects and infrastructure in the last three years, with demand for Nvidia hardware set to climb further as AI models demand more compute power.
The funding will also empower Nvidia to create “new class of productive, investable infrastructure: AI factories,” according to Huang. Such capabilities underpin the next wave of AI services that will integrate more seamlessly into everyday applications.
Apollo’s president Jim Zelter highlighted modern compute’s scarcity, noting that it is “positioned to drive significant long‑term economic growth and productivity gains.”
BlackRock’s recent partnership with Meta, which involves a majority stake in a Texas data‑centre, and Anthropic’s collaboration with Macquarie Asset Management and GIC for AI infrastructure, illustrate the growing trend of corporate and investor collaboration to fund AI growth.
