Nvidia is negotiating a $500B AI infrastructure funding package with Apollo, Blackstone, BlackRock, Brookfield, Goldman and KKR, per the FT. The deal may be announced Monday.
Nvidia is in talks with Apollo, Blackstone, BlackRock, Brookfield and others on a $500 billion AI infrastructure funding package. The Financial Times reports the deal may be announced as soon as Monday.
Key facts
- $500 billion: proposed AI infrastructure funding package
- 6 firms named: Apollo, Blackstone, BlackRock GIP, Brookfield, Goldman, KKR
- Deal may be announced as soon as Monday
- Rivals Stargate's $500B commitment from OpenAI, SoftBank, Oracle
- Nvidia's next-gen rack system delayed to 2028
Nvidia is partnering with a group of US investment giants on a $500 billion funding package for AI infrastructure, the Financial Times reports, citing unidentified sources. Apollo Global Management, Blackstone, BlackRock's Global Infrastructure Partners, Brookfield Asset Management, Goldman Sachs and KKR are among the firms in talks with Nvidia on the deal.
The package would rival the scale of the Stargate joint venture announced by OpenAI, SoftBank and Oracle in January 2025, which committed to $500 billion in AI infrastructure spending. Bloomberg notes the deal represents a significant expansion of Nvidia's role from chip supplier to infrastructure financier.
The Financial Times did not disclose the equity split or debt structure of the proposed package, nor the specific projects it would fund. Nvidia declined to comment on the report.
Key Takeaways
- Nvidia is negotiating a $500B AI infrastructure funding package with Apollo, Blackstone, BlackRock, Brookfield, Goldman and KKR, per the FT.
- The deal may be announced Monday.
Why Nvidia is moving into financing
Nvidia's pivot toward infrastructure financing comes as its next-generation AI rack system has been delayed to 2028 due to manufacturing snags, per our previous reporting. With hardware supply constrained, Nvidia appears to be securing demand by funding the data centers that will eventually house its GPUs.
The move also deepens Nvidia's entanglement with the hyperscaler buildout. Our reporting this week found hyperscalers have committed roughly $2 trillion to AI hardware, with Google leading at $811 billion. Nvidia's $500 billion package would represent a quarter of that total — a scale that raises questions about concentration risk if AI demand softens.
What the deal means for the competitive set
Nvidia's financing arm effectively becomes a competitor to the very cloud providers it supplies. By funding data center construction directly, Nvidia can direct projects toward its own GPU platforms, potentially squeezing out AMD and Cerebras Systems, which compete with Nvidia on accelerator hardware.
The structure also mirrors the Lancium investment Nvidia announced over the weekend, where it plans to invest up to $3 billion in the Stargate power developer. Nvidia is no longer just selling shovels — it's buying the mine.
What to watch
Watch for the official announcement, which the Financial Times says could come as soon as Monday. Key details to track: the equity-debt split, which projects receive first funding, and whether Nvidia's financing arm directs projects toward its own GPU platforms over AMD and Cerebras alternatives.
Source: bloomberg.com
Originally published on gentic.news
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