The AI Industrial Complex Takes Shape Nvidia has secured a staggering $500 billion from major banks to develop artificial intelligence (AI) infrastructure in a deal that marks a significant departure from traditional venture capital models.
Participating banks – Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR – are treating AI hardware and infrastructure as a separate asset class, dubbed "compute.
" This move is notable because these institutions have historically been cautious when investing in the tech sector.