On August 10, NVIDIA announced a partnership with Apollo Global Management, BlackRock, Blackstone, Bofun, Goldman Sachs, and KKR to establish an AI computing infrastructure financing platform, mobilizing more than $500 billion in third-party capital.

NVIDIA CEO Jensen Huang said in a statement: “We are bringing together global leading long-term capital providers who will independently assess AI infrastructure projects and provide financing. These funding platforms will help customers access large amounts of scarce computing power and build AI factories, driving industries across the AI era and powering businesses in countries around the world.”