Nvidia has signed memorandums of understanding with six major financial institutions: Apollo Global Management, BlackRock, Blackstone, Brookfield Asset Management, Goldman Sachs, and KKR. The initiative aims to establish independent platforms to raise over $500 billion in third-party capital for AI infrastructure, including GPU purchases and data center construction.
The program treats AI hardware as a revenue-generating asset class, similar to aircraft leasing. This approach allows AI labs, cloud providers, and enterprises to access Nvidia hardware without large upfront payments. Nvidia will not provide direct cash or take on new debt, but may offer residual-value guarantees of up to 25% on specific projects, totaling approximately $125 billion in potential support.
As of October 1, 2026, investors expressed concerns regarding the reliability of chips as long-term collateral due to the rapid pace of hardware evolution. Future agreements are expected to incorporate stronger protections and revenue backing to address these risks. The current plan scales a concept previously demonstrated by CoreWeave, which launched an $8.5 billion facility backed by GPUs.
CEO Jensen Huang stated that the partnerships aim to sustain hardware demand while offering institutional investors, such as pension and sovereign-wealth funds, exposure to AI infrastructure. The success of the initiative depends on the conversion of these memorandums into binding agreements and the actual amount of capital raised against the $500 billion target.
