NVIDIA has established independent compute financing platforms with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to mobilise over US$500 billion of third-party capital for the buildout of AI infrastructure over time.
Memorandums of understanding signed with the six financial institutions aim to establish the first global compute financing platforms to enable the AI infrastructure buildout across NVIDIA’s ecosystem, including leading frontier AI labs, enterprises and AI clouds. Under these partnerships, NVIDIA will work with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to create dedicated pools of capital at attractive rates for NVIDIA customers.
According to the company, demand for AI infrastructure continues to accelerate as countries, governments, enterprises and startups look to drive innovation, economic growth and societal benefits. At the same time, NVIDIA compute is an investable asset — one which NVIDIA said provides the lowest token cost, highest revenue and longest life along with a rich ecosystem of offtakers built upon NVIDIA’s CUDA platform.
“NVIDIA has reached an important milestone. We began by building chips; today, we are helping create a new class of productive, investable infrastructure: AI factories,” said Jensen Huang, founder and CEO of NVIDIA.
“In AI, compute is revenue. NVIDIA compute is uniquely suited for this role. It is broadly adopted, flexible across models and workloads, fungible and transferable across customers and operators, and continuously improved through CUDA software — extending its useful life and improving its economics over time.
"It is supported by a deep global ecosystem of developers, customers and offtakers. That is why we are bringing the world’s leading long-term capital providers together to independently underwrite AI infrastructure. These financing platforms will help customers access scarce compute at scale and build the DSX AI factories that will power every industry and country in the age of AI.”
An offtaker is an entity which agrees to buy something before it is ready for sale.
“Modern compute has emerged as a scarce, mission-critical asset class with compelling investment characteristics that is positioned to drive significant long-term economic growth and productivity gains,” said Apollo President Jim Zelter.
“The combination of NVIDIA’s proprietary technology ecosystem and Apollo’s flexible, long-term capital base provides a strong foundation to support the next stage of the AI buildout as part of the broader Global Industrial Renaissance.”
“The AI buildout will require unprecedented investment and a skilled workforce to turn that investment into the infrastructure that will help power future growth,” said Larry Fink, Chairman and CEO of BlackRock.
“This partnership deepens our relationship with NVIDIA, including through the AI Infrastructure Partnership, and brings together NVIDIA’s leadership in accelerated computing with BlackRock’s ability to connect long-term capital to essential infrastructure.
"Together, we can help deliver the compute capacity that companies need to grow and create more jobs, supporting the continued growth of the US and global economies, while creating attractive, long-term investment opportunities for our clients.”
“NVIDIA has created extraordinary demand for its compute through an intense focus on customer value and versatile technology,” said Jon Gray, President and COO of Blackstone.
“We continue to be enormous investors globally across the NVIDIA ecosystem, and this announcement further underscores our confidence in their platform and the future of AI infrastructure.”
“As our strategic partner, NVIDIA is enabling us to scale AI factories. We are excited about further collaboration to build and fund the backbone of AI globally,” said Bruce Flatt, CEO of Brookfield.
“With demand for large-scale AI compute growing significantly as adoption scales across industries, compute is fast becoming the essential layer of infrastructure and a core pillar of the Brookfield AI infrastructure strategy.”
“We’re in a pivotal moment of a historic AI investment cycle. NVIDIA’s full-stack platform is in high demand and uniquely positioned at the centre of that global buildout,” said David Solomon, Chairman and CEO of Goldman Sachs.
“Our investment and distribution roles reflect our confidence in NVIDIA’s leadership, and we’re excited for the new opportunity to create a market for credit backed by NVIDIA compute."
“Compute has become a critical infrastructure asset. As we’ve scaled our approach to digital infrastructure, we’ve learned that delivery, not ambition, is the hard part. That’s why we’re excited to build on our strategic partnership with NVIDIA, a founding investor in Helix Digital Infrastructure, to bring together NVIDIA’s accelerated computing platform with KKR’s long-duration capital, infrastructure expertise and capital markets capabilities to turn growing demand into real capacity at extraordinary scale,” said Joe Bae and Scott Nuttall, Co-Chief Executive Officers of KKR.
KKR, together with the Kuwait Investment Authority (KIA), NVIDIA, and Vistra launched Helix Digital Infrastructure in June to deliver integrated AI infrastructure for hyperscalers.These partnerships remain subject to execution of the final agreements.
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