Nvidia and Wall Street team up on $500 billion bet on AI infrastructure | CNN Business

London —

Nvidia is joining forces with Wall Street to allow its customers borrow more than half a trillion dollars to build AI infrastructure.

The US chipmaker announced on Monday that it had signed a preliminary agreement with heavyweight institutional investors Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to raise over $500 billion for lending.

Nvidia CEO Jensen Huang said in a statement shared on X that AI compute — the hardware and software underpinning AI models — was developing into an “investable asset class” that he referred to as “AI factories.”

“We have moved from an era in which companies bought chips and built data centers project by project to one in which AI factories can be financed as productive infrastructure,” Huang wrote.