Nvidia partners with Blackstone, KKR, others on $500bn AI data center fund

Nvidia is launching a major financing initiative to support the construction of AI-focused data centers, backed by a $500 billion platform. The chipmaker is collaborating with six leading asset managers, including BlackRock, Goldman Sachs, and KKR, to channel client capital into the projects. Nvidia may provide guarantees for up to 25% of the value on certain developments to de-risk the investments.