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Nvidia and Wall Street team up on $500 billion bet on AI infrastructure
['Cnn Newssource']
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By Anna Cooban, CNNLondon (CNN) — Nvidia is joining forces with Wall Street to allow its customers borrow more than half a trillion dollars to build AI infrastructure.
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.
“Modern compute has emerged as a scarce, mission-critical asset class with compelling investment characteristics,” Apollo President Jim Zelter said in a statement.
Nvidia is at the center of the AI boom, manufacturing chips and other hardware used in a raft of tech companies’ AI models.