Six finance giants back Nvidia’s $500bn plan to fund the AI buildout

Nvidia has recruited six of the largest names in finance to help turn its chips into something a bank can lend against.

The company announced partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to build what it calls “compute financing platforms”, structures designed to mobilise over $500bn of third-party capital for AI infrastructure.

The idea is to create dedicated pools of capital at scale, and at attractive rates, for Nvidia’s customers, meaning the frontier AI labs, enterprises and cloud operators buying its hardware.

In effect, Nvidia is helping to build a financing pipeline around its own product, which is why the move reads as a more formal turn in the circular financing binding the AI economy together.

At the centre of the pitch is a reframing of what a GPU is. Nvidia is presenting its compute as “an investable asset”, one it says carries the lowest token...

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