SAN FRANCISCO, California: Nvidia has teamed up with six major Wall Street firms to launch financing platforms to raise more than US$500 billion in third-party capital for artificial intelligence infrastructure, underscoring the massive investment flowing into AI data centers.

Nvidia said on Monday that it signed memorandums of understanding with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to establish compute financing platforms.

Chief Executive Jensen Huang said on X that Nvidia has the option to backstop up to $125 billion, or 25 percent of the potential deals.

The initiative reflects growing institutional investor interest in AI computing infrastructure as governments, companies and startups race to expand data center capacity to support AI workloads.

Big Tech companies have indicated that spending on AI is unlikely to slow, with combined investment expected to exceed $730 billion this year.

The financing platforms are intended to broaden access to Nvidia-based infrastructure for frontier AI developers, enterprises, governments and cloud providers, while creating longer-duration, usage-linked investment opportunities for large asset managers and private capital firms.

"These financing platforms will help customers access scarce compute at scale and build the AI factories that will power every industry and country in the age of AI," Huang said.

Nvidia said the arrangements would "create dedicated pools of capital at significant scale at attractive rates" for its customers.

The company did not disclose the financial terms, investment commitments from individual firms or a timetable for deploying the planned $500 billion.