Nvidia links with Wall Street firms for $500bn AI financing deal

Apollo, BlackRock, Goldman Sachs and KKR among those working with chipmaker to fund infrastructure Nvidia ⁠has struck a deal with six large Wall Street firms to raise ⁠more than $500bn (£370bn) to fund the datacentres, chip factories and power stations needed to fuel the artificial intelligence boom. The Nvidia chief executive, Jensen Huang, said on X that it marked “a major milestone for Nvidia and the AI industry”, as he posted a photo of himself smiling and giving a thumbs up alongside finance bosses involved in the deal, including the head of Goldman Sachs, David Solomon. Continue reading...