Some of the biggest financial firms in the world are reportedly getting ready to pour half a trillion dollars into a deal with Nvidia for AI infrastructure buildout.
A consortium of Wall Street firms, including heavy hitters like Blackstone, BlackRock and Goldman Sachs, is working on a deal with Nvidia that would see the firms invest $500 billion in the AI industry, according to a Financial Times report citing six people briefed on the talks.
The details of the deal aren’t clear, but the FT along with reports from Bloomberg and Reuters all claim it could be announced as early as Monday.
Circular dealmaking worries return
The report comes on the…
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