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Nvidia closes deal with six financial giants to mobilize US$500 billion in AI.

Nvidia aims to channel global institutional savings into AI data centers in partnership with Apollo, BlackRock, and Goldman Sachs.

Nvidia closes deal with six financial giants to mobilize US$500 billion in AI.
Nvidia closes deal with six financial giants to mobilize US$500 billion in AI. Photo: reproduction / Il Sole 24 Ore.

According to the newspaper Il Sole 24 Ore, Nvidia has reached an agreement with six of the world's largest financial groups—Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR—to mobilize up to $500 billion for the construction of artificial intelligence infrastructure. This amount does not represent an immediate investment or a one-time fund; it is the total that the financial platforms intend to raise over time from external investors, such as pension funds, insurance companies, sovereign wealth funds, and large private assets.

The mechanism is the same one used to finance roads, airports, and energy grids: each project receives capital from investors and supplements it with bank debt or private credit. The novelty lies in the asset being financed: processing power for AI.

Read also IMF maintains Italy's GDP projection for 2024 and reduces it for 2025

Read the original article in Italian in the newspaper. Il Sole 24 Ore .

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