By Juby Babu and Isla Binnie
Aug 10 (Reuters) - Nvidia said on Monday it has partnered with six major financial institutions to launch compute financing platforms aimed at raising over $500 billion in third-party capital for AI infrastructure.
Nvidia CEO Jensen Huang said on X that the company has the option to backstop up to $125 billion, or 25% of the poential deals.
The move highlights how surging demand for AI computing capacity is drawing institutional investors, as governments, companies and startups race to build out data centers to support AI workloads.
Big Tech companies have signaled that spending on AI would not slow down, with combined outlays set to surpass $730 billion this year.
#Companies #juby
Aug 10 (Reuters) - Nvidia said on Monday it has partnered with six major financial institutions to launch compute financing platforms aimed at raising over $500 billion in third-party capital for AI infrastructure.
Nvidia CEO Jensen Huang said on X that the company has the option to backstop up to $125 billion, or 25% of the poential deals.
The move highlights how surging demand for AI computing capacity is drawing institutional investors, as governments, companies and startups race to build out data centers to support AI workloads.
Big Tech companies have signaled that spending on AI would not slow down, with combined outlays set to surpass $730 billion this year.
#Companies #juby
9 hours ago
