Nvidia to team with Wall Street on US$500 billion package for AI infrastructure projects

Apollo Global Management, Blackstone and Goldman Sachs are among the firms in talks with Nvidia on the deal, the Financial Times reported A group of US investment giants are partnering with Nvidia on US$500 billion in funding for AI infrastructure projects, the Financial Times reported. Apollo Global Management, Blackstone, BlackRock’s Global Infrastructure Partners, Brookfield Asset Management, Goldman Sachs and KKR are among the firms in talks with Nvidia on a deal to invest in the AI buildout, the Financial Times reported, citing unidentified sources. The deal may be announced as soon as Monday, the Times said. The named firms did not respond to requests from the Times for comment. Nvidia did not immediately respond to a request for comment. The company’s shares fell by as much as 3.2 per cent. Nvidia has already signed hundreds of billions of dollars worth of deals with companies across the AI ecosystem, stoking concerns from some investors that the chips giant is inflating demand and valuations across the industry through the circular nature of such agreements.

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