Nvidia teams up with Wall Street asset managers on $500 billion AI infrastructure push

Nvidia is working with major Wall Street asset managers on a $500 billion effort to finance artificial-intelligence infrastructure, according to a person familiar with the matter speaking to CNBC. The chipmaker has enlisted Apollo Global Management, Blackstone, BlackRock’s Global Infrastructure Partners, Brookfield Asset Management, Goldman Sachs and KKR to assemble the capital package, with an announcement possibly as soon as Monday. The Financial Times first reported the plan. The initiative underscores how private capital is increasingly funding AI’s buildout. For Nvidia’s biggest customers, the financing could support purchases of high-end GPUs, power-hungry data centers and long-term electricity capacity.