Nvidia secures $500 billion from major investors for AI infrastructure

Nvidia has joined with six major investment firms to raise $500 billion for artificial intelligence infrastructure. The group includes Apollo Global, Blackstone, BlackRock's Global Infrastructure Partners, Brookfield Asset Management, Goldman Sachs, and KKR. The money will pay for new data centres, where AI computer chips are housed and operated. It will also fund new factories to produce more of those chips. Nvidia's CEO Jensen Huang said the investors now see AI hardware as a new type of asset, similar to property or energy. The financing will support both Nvidia's own projects and those of its business partners. This is one of the largest lending efforts Wall Street has ever organised for a single technology sector.