Nvidia Signs $500 Billion AI Financing Pact With Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR

Nvidia announced on August 11 that it has signed memorandums of understanding with six major financial institutions, Apollo Global Management, BlackRock, Blackstone, Brookfield Asset Management, Goldman Sachs, and KKR, to launch dedicated compute financing platforms targeting more than $500 billion in third-party capital for AI infrastructure. The coalition is designed to create pools of capital at scale and at attractive rates for Nvidia customers, broadening access to Nvidia-based compute infrastructure among frontier AI developers, startups, and governments racing to build out data centers. Nvidia CEO Jensen Huang said he approached only these six firms for the initiative, and Nvidia has the option to backstop up to $125 billion, or 25 percent of potential deals, effectively putting its own balance sheet behind the effort.

The announcement comes as combined Big Tech AI capital expenditures are on pace to surpass $730 billion this year, and highlights how surging demand for AI computing is drawing the largest alternative asset managers and investment banks into structured lending roles. Nvidia shares fell more than 3 percent in trading following the news.