Nvidia backs AI infrastructure buildout with 6 major firms
Nvidia on the 10th announced a framework with six major financial firms in the US and elsewhere to support semiconductor customers building artificial intelligence (AI) data centers. It aims to raise about $500 billion, or about 80 trillion yen, from outside investors, making it easier for cash-strapped AI companies to put infrastructure in place.
Working with 6 financial firms
Nvidia is teaming up with six firms: Apollo Global Management, BlackRock, Blackstone, Goldman Sachs and KKR in the US, plus Canadian investment firm Brookfield. The framework will use funds gathered by the financial institutions from investors to support data center investment by AI companies.
Reducing the capital burden
AI companies will be able to enter contracts to borrow semiconductors and other equipment at lower interest rates, reducing their upfront investment burden. In recent years, the cost of building data centers and procuring advanced semiconductors has become a heavy load, and Nvidia aims to encourage purchases of its own chips and their use through leasing.
CEO Huang says he will support 'AI factories'
Nvidia Chief Executive Jensen Huang said the company will help customers use scarce computing resources on a large scale and support the creation of 'AI factories' that underpin industries and countries in the AI era.
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