Top Wall Street Firms Reportedly Partnering With Nvidia for $500 Billion AI Investment

Some of the biggest financial firms in the world are reportedly getting ready to pour half a trillion dollars into a deal with Nvidia for AI infrastructure buildout. A consortium of Wall Street firms, including heavy hitters like Blackstone, BlackRock and Goldman Sachs, is working on a deal with Nvidia that would see the firms invest $500 billion in the AI industry, according to a Financial Times report citing six people briefed on the talks. The details of the deal aren’t clear, but the FT along with reports from Bloomberg and Reuters all claim it could be announced as early as Monday. The report comes on the heels of renewed fears of both Nvidia’s alleged circular dealmaking and the eyewatering financial commitments the overall industry is making on the AI infrastructure buildout. Late last month, Nvidia announced a $500 billion deal with South Korean chipmaker SK Hynix. Shortly after that news was made public, various reports claimed that Nvidia would also make a $250 billion deal with OpenAI to help the AI giant finance its massive, power-hungry 10-gigawatt data center project in southern Ohio, likely to be one of the largest data centers in the world when construction finishes