CNBC·4 min read·hard
Nvidia, Wall Street asset managers partner on $500B AI push
H
Hugh Son
✦AI Summary
Nvidia has partnered with six major asset managers to launch a $500 billion financing initiative for AI compute infrastructure. The program aims to treat AI chips as a long-term, revenue-generating asset class similar to real estate.
Nvidia is attempting to turn its artificial intelligence chips into Wall Street's newest asset class, partnering with six large asset managers on a $500 billion financing push designed to treat compute infrastructure much like commercial real estate, toll roads or other assets to borrow against.
technologybusinesseconomy
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