NVIDIA has signed memorandums of understanding with six leading financial institutions—Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR—to establish independent compute financing platforms that will mobilize over $500 billion in third-party capital for AI infrastructure development.
The partnerships treat NVIDIA compute as an investable asset, allowing customers to access scarce compute capacity at attractive rates and fund long-duration AI factory projects that support global innovation and economic growth.
The agreements remain subject to final contract execution.
What happened
NVIDIA announced memorandums of understanding with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to establish independent compute financing platforms that will mobilize over $500 billion of third-party capital for AI infrastructure buildout over time.
Why it matters
The partnerships treat NVIDIA compute as an investable asset class, enabling customers to access scarce compute capacity at attractive rates and funding long-duration AI factory projects that NVIDIA CEO Jensen Huang says will power every industry and country in the age of AI. The capital pools address accelerating global demand from countries, governments, enterprises, and startups.
What to watch
The partnerships remain subject to execution of final agreements; Goldman Sachs and KKR quoted their confidence in NVIDIA's full-stack platform and compute as mission-critical infrastructure, while Brookfield and Blackstone signaled ongoing major investment across the NVIDIA ecosystem.
On August 10, 2026, NVIDIA announced a landmark shift in AI infrastructure financing by establishing strategic partnerships with six of the world's leading financial institutions: Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR. The partnerships are designed to create independent compute financing platforms that will mobilize over $500 billion of third-party capital for building out AI infrastructure.
Under these agreements, NVIDIA will work with each partner to create dedicated pools of capital at significant scale and attractive rates for NVIDIA customers. The platforms treat NVIDIA compute as an investable asset class, distinguishing it by its lowest token cost, highest revenue generation, and longest useful life, supported by a rich ecosystem of customers built on NVIDIA's CUDA platform. Jensen Huang, NVIDIA's founder and CEO, characterized the move as a milestone: "We began by building chips; today, we are helping create a new class of productive, investable infrastructure: AI factories." He emphasized that NVIDIA compute is broadly adopted, flexible across models and workloads, fungible and transferable across customers and operators, and continuously improved through CUDA software, extending its useful life and improving its economics over time.
Each partner brought distinct perspectives on the opportunity. Jim Zelter, Apollo President, noted that "modern compute has emerged as a scarce, mission-critical asset class with compelling investment characteristics" and that Apollo's flexible, long-term capital base aligns with the AI buildout. BlackRock Chairman and CEO Larry Fink positioned the partnership as deepening BlackRock's relationship with NVIDIA through the AI Infrastructure Partnership and stressed the need for unprecedented investment and workforce development to turn capital into AI infrastructure that will power future economic growth. Jon Gray, Blackstone's President and COO, underscored Blackstone's confidence in NVIDIA's platform and continued massive investment globally across the NVIDIA ecosystem. Brookfield CEO Bruce Flatt called compute "the essential layer of infrastructure and a core pillar of the Brookfield AI infrastructure strategy." Goldman Sachs CEO David Solomon described NVIDIA as uniquely positioned at the center of the global AI buildout, with Goldman taking investment and distribution roles, and noted the opportunity to create a credit market backed by NVIDIA compute. KKR co-CEOs Joe Bae and Scott Nuttall highlighted the importance of "delivery, not ambition" and their excitement to bring NVIDIA's accelerated computing platform together with KKR's long-duration capital, infrastructure expertise, and capital markets capabilities.
The partnerships remain subject to execution of final agreements between NVIDIA and each of the six financial institutions.
NVIDIA's announcement reflects a shift in how AI infrastructure is being funded and structured. Rather than relying solely on direct hardware sales to enterprises and cloud providers, NVIDIA is enabling financial institutions to treat its compute systems as productive assets that generate measurable returns. The six partners represent leaders across different forms of long-term capital—private equity (Blackstone, Apollo, KKR), asset management (BlackRock, Brookfield), and capital markets (Goldman Sachs)—suggesting institutional investors view AI compute as a core infrastructure asset similar to data centers or power generation equipment.
The scale of the capital pool—over $500 billion mobilized over time—underscores both the magnitude of demand for AI infrastructure and the scarcity of compute capacity. Jensen Huang's framing of NVIDIA compute as "revenue" (because it generates output that customers pay for) and its CUDA software ecosystem as a life-extension mechanism (improving economics over time) positions the hardware as more durable and fungible than typical IT capital. This makes it attractive for long-duration financing, where financial firms can underwrite compute deployments much as they would traditional infrastructure. The partnerships also benefit NVIDIA's ecosystem growth by making it easier for frontier AI labs, enterprises, and AI cloud providers to access NVIDIA hardware at scale.
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