Nvidia has announced new alliances with six global financial institutions, aiming to establish independent financing platforms to support the expansion of AI infrastructure.
The company has signed memorandums of understanding (MoUs) with Apollo, Blackstone, BlackRock, Goldman Sachs, Brookfield, and KKR to mobilise more than $500bn in third-party capital dedicated to building out AI compute facilities worldwide.
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The initiative seeks to create what Nvidia describes as some of the first global-scale compute financing platforms of their kind.
These platforms are intended to serve organisations in Nvidia’s ecosystem, including AI research laboratories, large enterprises, and providers of AI cloud services.
Nvidia founder and CEO Jensen Huang said: “Nvidia has reached an important milestone. We began by building chips; today, we are helping create a new class of productive, investable infrastructure: AI factories.
“That is why we are bringing the world’s leading long-term capital providers together to independently underwrite AI infrastructure. These financing platforms will help customers access scarce compute at scale and build the DSX AI factories that will power every industry and country in the age of AI.”
According to Nvidia, the partnerships would see dedicated pools of capital formed to enable customers to access AI compute at increased scale and with more favourable financing rates. The company stated that final agreements are still pending.
BlackRock chairman and CEO Larry Fink said: “This partnership deepens our relationship with Nvidia, including through the AI Infrastructure Partnership, and brings together Nvidia’s leadership in accelerated computing with BlackRock’s ability to connect long-term capital to essential infrastructure.
“Together, we can help deliver the compute capacity that companies need to grow and create more jobs, supporting the continued growth of the US and global economies, while creating attractive, long-term investment opportunities for our clients.”
Nvidia indicated that the financing platforms are designed to broaden access to AI compute infrastructure, turning its hardware and software offerings into investable assets for global capital providers.
Last month, SK Group and Nvidia announced a partnership valued at more than $500bn to support the development of AI infrastructure in response to increasing global demand for compute capacity. The partnership involves the construction of AI factories and the joint development and supply of next-generation AI memory technologies.
