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Illustration featuring the Nvidia logo. / Reuters-Yonhap

Nvidia has entered into agreements with major Wall Street investment firms to help support $500 billion in AI infrastructure financing, the Wall Street Journal reported on the 10th (local time).

Nvidia said that day it agreed to work with six major investment firms — Apollo, Blackstone, BlackRock, Brookfield, Goldman Sachs, and KKR — to build a "compute finance platform."

The platform will provide financial support to AI companies, including Anthropic, to help them fund the computing costs of using chips developed by Broadcom and Google's processing units.

The Wall Street firms also said the platform would offer Nvidia customers substantial dedicated capital at attractive interest rates.

Nvidia CEO Jensen Huang said the financing platform would help customers secure scarce computing resources at scale and build the "AI factories" that will power every industry and nation in the AI era.

Apollo and Blackstone had previously formed a similar partnership with Broadcom earlier this year, providing financing to help companies like Anthropic access Broadcom chips.

As investment in data centers and AI infrastructure surges, Wall Street banks and investment firms have been stepping in to provide financing through various means.

Nvidia recently discussed supporting a $250 billion data center project with OpenAI, while Meta worked with BlackRock on off-balance-sheet financing for a new data center in Texas.

WSJ noted that this latest financing partnership is seen as a signal to the market that Nvidia and its AI investment partners have secured sufficient financial capacity to build out infrastructure.

Indeed, bond investors have supplied hundreds of billions of dollars over the past year through bond issuances and debt deals tied to data center projects.

However, investors have recently doubled the interest rates they demand when lending to Nvidia, with spreads over U.S. Treasuries running about 0.40 percentage points higher since June.

                                                                                                             Park Jin-sook