Nvidia Partners with Wall Street Giants on $500B Push to Turn AI Chips into New Asset Class

Nvidia has signed memorandums of understanding with six major asset managers, including Apollo, Blackstone, BlackRock, Brookfield, Goldman Sachs, and KKR, to create financing platforms that could mobilize over $500 billion for AI infrastructure. The initiative aims to make AI chips an investable asset class, allowing companies to fund data centers without relying solely on their balance sheets. This move addresses concerns about the sustainability of massive AI spending by tech giants.