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NVIDIA Signs MOUs With Apollo Global, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to Mobilize $500B for AI
['Ahmed Ishtiaque', 'Sponsored Article', 'Alex Chen', 'Naveed Iqbal', 'Usman Ali']
Brave New Coin
NVIDIA Signs MOUs With Apollo Global, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to Mobilize $500B for AINVIDIA has signed memorandums of understanding (MOUs) with Apollo Global Management, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to establish independent financing platforms aimed at mobilizing more than $500 billion in third-party capital for artificial intelligence infrastructure.
The announcement, made on August 10, marks an expansion of NVIDIA’s role in the AI infrastructure market beyond supplying processors and software.
NVIDIA Targets a New AI Infrastructure Asset ClassAt the center of the initiative is NVIDIA’s effort to position AI compute as an investable infrastructure asset.
We began by building chips; today, we are helping create a new class of productive, investable infrastructure: AI factories,” Huang said.
NVIDIA signed MOUs with Apollo Global, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to establish financing platforms targeting more than $500 billion for AI compute infrastructure.