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NVIDIA, WALL STREET FIRMS PARTNER ON $500 BILLION AI FINANCING VENTURE, SOURCE SAYS

  • NEWS Desk Global
  • 2 days ago
  • 1 min read

A group of ​financial firms, including Apollo Global and Blackstone, ‌is working with Nvidia to put together a $500 billion funding package for AI infrastructure development, a person familiar ​with the matter told Reuters on Monday.

Nvidia's ​shares fell over 3% in afternoon trading. The ⁠tie-up highlights Nvidia's efforts to raise capital for ​the chips, power generation and data centers underpinning ​the AI boom.

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