NVIDIA Rallies $500 Billion Wall Street Alliance To Fuel AI Expansion
NVIDIA isn't just selling chips to build AI clusters, it's also helping finance them. The semiconductor giant said it has entered into non-binding MOUs with six of the world's largest private equity and investment firms to create independent financing platforms in order to generate more than $500 billion in third-party funding.
The alliance brings together financial heavyweights Apollo Global Management, BlackRock, Blackstone, Brookfield Asset Management, Goldman Sachs, and KKR. One of NVIDIA's goals with this newly formed alliance is to create dedicated, large-scale credit pools at competitive rates so customers can buy NVIDIA hardware and build out data centers without burning through their own cash reserves.
"The AI buildout will require unprecedented investment and a skilled workforce to turn that investment into the infrastructure that will help power future growth," said Larry Fink, Chairman and CEO of BlackRock. "This partnership deepens our relationship with NVIDIA, including through the AI...
Copyright of this story solely belongs to hothardware.com. To see the full text click HERE
