The firms are expected to raise «at least 500 billion dollar» in long-term financing from their clients to fund the expansion of AI infrastructure. Nvidia CEO Jensen Huang sees the initiative as an important next step in the build-out of artificial intelligence. Building one gigawatt of data center capacity costs between 50 billion and 60 billion dollar. The companies said they expected to conduct more than 500 billion dollar worth of business with each other in the future. Nvidia has also been in talks to back as much as 250 billion dollar to help OpenAI secure computing capacity for a US data center project.