Nvidia announced on August 10 that it signed memorandums of understanding with six of Wall Street's largest asset managers, Apollo Global Management, BlackRock, Blackstone, Brookfield Asset Management, Goldman Sachs, and KKR, to establish independent compute financing platforms aimed at mobilizing more than $500 billion in third-party capital for AI infrastructure over time. CEO Jensen Huang said he approached only these six firms and none turned him down, framing Nvidia compute as a new investable asset class comparable to commercial real estate or toll roads, backed by usage-linked revenue.
The financing will use compute power itself as collateral, structured through private offerings and bonds issued by special-purpose entities capable of raising tens of billions of dollars at a time, with deals expected to reach market within months. Goldman Sachs, the only bank among the six partners, is positioned to lead public debt deals while distributing investment returns through its asset-management arm. The push builds on financing several of these same firms had already extended: Apollo and Blackstone previously backed a $35 billion capital solution with Broadcom supporting over 20 gigawatts of compute capacity, and Brookfield launched its own $100 billion AI infrastructure program with Nvidia in November 2025.
The announcement lands weeks after Nvidia was reported to be in talks to backstop as much as $250 billion so OpenAI could lease computing power from a 10-gigawatt Ohio data center hub under development by SoftBank subsidiary SB Energy, and amid a broader July market swoon in which investors began openly questioning whether Big Tech's AI capital spending would pay off. Bringing outside private-credit capital into Nvidia's supply chain is widely seen as an attempt to soften the circular financing critique that has followed the AI infrastructure buildout, where the same handful of companies fund each other's purchases.
