Technology · 11 August 2026
Wall Street giants give Nvidia $500bn for AI projects
Photo by BoliviaInteligente on Unsplash
Nvidia, the chipmaker, has secured $500bn (£370bn) from major banks and investors to fund artificial intelligence infrastructure. The financing will support Nvidia's own projects and those of its partners, including new data centres and factories for AI chips. Investors like Apollo and BlackRock are now treating AI hardware as a critical asset class, with Nvidia's CEO Jensen Huang calling them "AI factories."
Reported by BBC · How we write briefs