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Nvidia and Wall Street Giants in Talks for $500B AI Infrastructure Funding

economy-finance · 2026-08-10

Nvidia is partnering with a group of major US investment firms to fund $500 billion in AI infrastructure projects, according to a Financial Times report. The firms involved include Apollo Global Management, Blackstone, BlackRock's Global Infrastructure Partners, Brookfield Asset Management, Goldman Sachs, and KKR. The deal, which may be announced as soon as Monday, would support the AI buildout, though details on specific projects, the nature of the funding, and whether the amount represents new or existing commitments were not disclosed. Nvidia's shares fell by up to 3.2% following the report. This move comes amid concerns from some investors that Nvidia's extensive deals across the AI ecosystem, including a recent expansion of its partnership with South Korea's SK Group (with over $500 billion in mutual business) and talks to backstop up to $250 billion for OpenAI's data center leasing, may be inflating demand and valuations in the industry.

Key facts

  • Nvidia is in talks with Apollo Global Management, Blackstone, BlackRock's Global Infrastructure Partners, Brookfield Asset Management, Goldman Sachs, and KKR for a $500 billion AI infrastructure funding package.
  • The deal may be announced as soon as Monday, according to the Financial Times.
  • The named firms did not respond to requests for comment; Nvidia did not immediately respond.
  • Nvidia's shares fell by as much as 3.2% after the report.
  • Nvidia recently expanded a partnership with SK Group, with over $500 billion in mutual business.
  • Nvidia is also in talks to backstop up to $250 billion to help OpenAI lease computing power from a US data centre project.
  • The Financial Times report did not detail which projects or companies the funding would back, the nature of the funding, or whether the $500 billion represented new or existing commitments.
  • Some investors are concerned that Nvidia's circular deals are inflating demand and valuations across the AI industry.

Entities

Institutions

  • Nvidia
  • Apollo Global Management
  • Blackstone
  • BlackRock's Global Infrastructure Partners
  • Brookfield Asset Management
  • Goldman Sachs
  • KKR
  • Financial Times
  • SK Group
  • OpenAI

Locations

  • United States
  • South Korea

Sources