Chip titan Nvidia and major Wall Street financial institutions announced Monday a plan to mobilize at least $500 billion in capital to invest in artificial intelligence infrastructure, marking a fresh push in capacity expansion.
The partnership includes Goldman Sachs and investment firms Apollo, BlackRock and KKR, Nvidia said on Monday, without providing details on the timeframe for raising more than $500 billion.
The move highlights how surging demand for AI computing capacity is drawing institutional investors, as governments, companies and startups race to build data centers to support AI workloads.
Nvidia is by far the leading provider of chip systems used to train and run AI models. Cloud giants, including Amazon, Google, Microsoft and Meta are investing hundreds of billions of dollars in expanding AI data centers.
The new funds could benefit AI research labs and startups, Nvidia chief executive Jensen Huang told U.S. broadcaster CNBC.
