Nvidia gets $500bn from major banks for AI build out
This will also back new factories to manufacture the AI chips needed to power these systems."Compute has become a critical infrastructure asset", Joe Bae and Scott Nuttall, co-cheif executives of KKR, said in a joint statement. "As we've scaled our approach to digital infrastructure, we've learned that delivery, not ambition, is the hard part."Essentially every major technology and AI company uses Nvidia's computer chips, or graphics processing units (GPUs), to power their services, AI platforms and AI chatbots. Companies using Nvidia's popular chips or GPUs include Google, Meta, Amazon, Microsoft, SpaceX, Tesla, OpenAI and Anthropic.Such companies have collectively spent over $1 trillion, external in just three years on AI projects and infrastructure, with much more spending expected.
- ▪This will also back new factories to manufacture the AI chips needed to power these systems."Compute has become a critical infrastructure asset", Joe Bae and Scott Nuttall, co-cheif executives of KKR, said in a joint statement.
- ▪"As we've scaled our approach to digital infrastructure, we've learned that delivery, not ambition, is the hard part."Essentially every major technology and AI company uses Nvidia's computer chips, or graphics processing units (GPUs), to po
- ▪Companies using Nvidia's popular chips or GPUs include Google, Meta, Amazon, Microsoft, SpaceX, Tesla, OpenAI and Anthropic.Such companies have collectively spent over $1 trillion, external in just three years on AI projects and infrastruct
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| Original publisher | BBC News — Tech |
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| Publication time | Mon, 10 Aug 2026 22:31:42 GMT |
| Retrieval time | 2026-08-10T22:35:43.008Z |
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Nvidia gets $500bn from major banks for AI build outImage source, ReutersImage caption, Nvidia CEO Jensen Huang has seen his company's value soar amid the AI boom in tech.ByKali HaysTechnology reporterPublished3 minutes agoNvidia has teamed up with some of Wall Street's largest banks to help raise $500bn (£370bn) in capital to develop artificial intelligence (AI) infrastructure.The chipmaker said it had struck deals with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR, and that the banks were for the first time treating AI hardware and infrastructure, often referred to as "compute", as a separate asset class."In AI, compute is revenue", Jensen Huang, chief executive of Nvidia, said.
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