The BriefSix of the largest firms in private capital are working with Nvidia to raise $500 billion for AI data centers, according to the Financial Times. Nvidia frequently backs its AI partners’ debt raises in capital markets, those partners buy Nvidia chips, and the purchases land as Nvidia revenue. Private capital built this machinery in the open. Brookfield launched a $100 billion AI infrastructure program with Nvidia as an investor and founding partner last November. Apollo led a $35 billion capital solution for Broadcom’s AI XPV platform in June, financing more than 20GW of compute capacity through 2028.