Nvidia has struck deals with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR, some of the biggest banks on Wall Street, in order to invest $500 billion into artificial intelligence. According to Nvidia, this is the first time AI hardware and infrastructure has been treated as an asset class.
The huge sum of money is set to go towards Nvidia's own projects, as well as helping those built by its partners. It's believed new data centres are likely to be made off the back of the investment, and new factories to manufacture the AI chips needed, and increase their availability to buyers.
"Compute has become a critical infrastructure asset. As we've scaled our approach to digital infrastructure, we've learned that delivery, not ambition, is the hard part," said Joe Bae and Scott Nuttal, co-CEOs at KKR (via BBC News).
Big tech has collectively spent over a trillion dollars USD in three years on AI infrastructure, with more spending expected as it continues its bet on the technology.
