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$500 bn AI boom: Nvidia, Wall Street giants join hands for chip, data centre push
['Timesofindia.Com']
Times of India
Nvidia has joined hands with six Wall Street giants to raise over $500 billion to finance the next phase of AI infrastructure.
Why Nvidia is turning to Wall Street for AI fundingWall Street’s AI betNvidia’s growing role in AI fundingNvidia is turning to some of the world’s biggest financial groups to help fund the next phase of the artificial intelligence boom.
“This is really the first time that technology chips have become an investable asset class,” Nvidia founder and CEO Jensen Huang told CNBC.
He said demand for AI was exceeding supply, while usage at Blackstone portfolio companies had increased sevenfold this year.
The company has emerged as one of the biggest beneficiaries of the AI boom as demand for its latest hardware has significantly outpaced supply.