In a significant move, Nvidia has secured a massive $500bn capital infusion from some of the largest financial institutions on Wall Street. The chipmaker announced partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR, who view AI hardware and infrastructure as an asset class for the first time. Nvidia's CEO, Jensen Huang, stated that this funding would be used to independently underwrite AI infrastructure, primarily focusing on the construction of new data centers and factories to manufacture AI chips. The financing, which will support both Nvidia's projects and those of its partners, aims to meet the surging demand from major tech companies like Google, Meta, Amazon, Microsoft, SpaceX, Tesla, OpenAI, and Anthropic, who collectively spent over $1tn on AI projects in just three years. The partnership represents a new chapter for Nvidia as it leverages this funding to expand its role beyond chip-making to becoming a key player in the development of critical AI infrastructure. Jim Zelter, president of Apollo, emphasized that modern compute has become a scarce and mission-critical asset class, poised to drive significant long-term economic growth and productivity gains. In other developments, BlackRock recently entered into an individual deal to finance and take a majority ownership stake in one data center in Texas. Meanwhile, Anthropic, another AI company, has partnered with Macquarie Asset Management and GIC, a sovereign wealth fund in Singapore, for its investment in AI infrastructure. The exact size of the deal was not disclosed, but Anthropic highlighted the need for additional financing due to the popularity of their chatbot Claude, which has generated substantial demand for new compute resources.