Nvidia, BlackRock, Goldman Sachs and others explore $500B financing to treat compute as an asset class
Six financial firms and Nvidia are in early-stage talks to structure up to $500B in loans and investments backed by AI accelerators and data-center capacity, according to reporting by The Verge.
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- Six large financial firms—Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR—are in early discussions with Nvidia to assemble up to $500 billion in financing tied to AI accelerators and data-center assets.
- The proposed financing would treat compute capacity as a new asset class, with Nvidia CEO Jensen Huang calling the chips "revenue-generating assets" and comparing the initiative to the early days of mortgage-backed securities.
- Nvidia’s announcement is currently non-binding memoranda of understanding; a similar $100B Nvidia–OpenAI financing plan announced last year did not proceed.
Nvidia, BlackRock, Goldman Sachs, Apollo, Blackstone, Brookfield, and KKR are in early-stage discussions to assemble up to $500 billion in financing backed by AI accelerators and data-center capacity, The Verge reports.
Nvidia CEO Jensen Huang characterized AI accelerators as "revenue-generating assets" that are "long-lived, fungible, and flexible," and compared the initiative to the emergence of mortgage-backed securities in the 1970s.
Huang’s framing positions Nvidia’s compute stack—including GPUs and CUDA software—as a unified "AI factory platform," while downplaying the need to explicitly finance physical data-center infrastructure.
Blackstone separately disclosed a $185 billion platform that includes facilities under construction, and projected the long-term ownership market for stabilized data centers could reach $1 trillion.
The financing plan is currently documented as non-binding memoranda of understanding; The Verge notes a prior $100 billion Nvidia–OpenAI memorandum announced in 2025 did not proceed.
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