Nvidia is working with a group of major financial firms on a potential $500 billion financing package aimed at supporting the massive infrastructure buildout required for artificial intelligence, according to sources with FT. The group includes Apollo Global Management and Blackstone, along with BlackRock’s Global Infrastructure Partners, Brookfield Asset Management, Goldman Sachs, and KKR.
The firms are reportedly in discussions with Nvidia about financing investments across the infrastructure needed to support AI growth, including semiconductors, power generation and data centers.
The potential $500 billion initiative reflects the rapidly increasing capital requirements associated with training and operating advanced AI systems, which depend on large quantities of accelerated computing capacity and increasingly power-intensive data center infrastructure.
Nvidia has become a central supplier to that buildout through its AI chips and computing platforms, while infrastructure investors and alternative asset managers are increasingly looking to finance the data centers, energy projects and other physical assets supporting AI demand.
Major technology companies have also indicated that AI spending will remain elevated. Combined capital expenditures among leading technology companies are expected to surpass $730 billion in 2026, according to figures cited by Reuters.
The proposed partnership could provide an additional source of capital for AI infrastructure at a scale that would be difficult for individual technology companies or infrastructure developers to finance independently.
The talks come as Nvidia itself has sought additional liquidity. In June, the company said it planned to raise $25 billion through a U.S. bond offering, representing its first major return to the debt markets since 2021.
The financing initiative remains under discussion, and no final structure or commitments have been announced.
