Nvidia has signed memorandums of understanding with Apollo Global Management, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs, and KKR to establish financing platforms for Nvidia's customers:
- The effort aims to mobilize over $500 billion in third-party capital for hyperscalers, AI labs, and enterprises to build out data centers and acquire Nvidia hardware:
Nvidia's founder and CEO Jensen Huang stated in an interview with CNBC that technology chips have become an investable asset for the first time:
"These chips are now revenue-generating assets. They're productive, long-lived, fungible, and flexible," he said:
He also noted that Nvidia's hardware is widely adopted and transferable across customers, allowing lenders to reliably underwrite compute as a revenue-generating asset:
This initiative comes after global market investors began questioning whether Big Tech's AI investments would pay off:
