Nvidia in talks for $500 billion AI infrastructure funding

Nvidia is in advanced discussions with a consortium of major global investment firms to assemble a $500 billion funding package dedicated to expanding artificial intelligence infrastructure, according to people familiar with the matter. The potential partnership, first reported by the Financial Times and confirmed by Bloomberg, involves Apollo Global Management, Blackstone, BlackRock's Global Infrastructure Partners, Brookfield Asset Management, Goldman Sachs, and KKR. The talks underscore the chipmaker's aggressive push to finance the vast data centers, power generation, and chip supply chains required to support the AI boom.

The reported deal would represent a significant scaling up of Nvidia's role in financing AI infrastructure beyond its core business of supplying chips. The company has already been involved in discussions to support up to $250 billion in financing to help OpenAI lease computing capacity at a planned data center project in Ohio, and to finance as much as $350 billion of OpenAI's purchases of Nvidia chips. This new package would bring in external capital from major financial institutions, potentially addressing investor concerns about "circular financing,"...