A group of U.S. investment giants is preparing a $500 billion partnership with Nvidia Corp. to fund AI infrastructure projects. The Financial Times reported the talks, and the deal could be announced as early as Monday.
The firms involved include Apollo Global Management, Blackstone, BlackRock’s Global Infrastructure Partners, Brookfield Asset Management, Goldman Sachs, and KKR & Co. They are reportedly negotiating with Nvidia for the investment.
None of the named firms responded to the Times’ request for comment. Nvidia also has not yet replied to a comment request from the paper.
After the news, Nvidia’s shares fell by up to 3.2 percent, reflecting investor caution over the size of the deal.
Nvidia has already signed hundreds of billions of dollars in agreements with companies across the AI ecosystem. Some investors worry that the chipmaker’s deals may inflate demand and valuations in the sector.
Last month, Nvidia expanded a partnership with South Korean conglomerate SK Group. The companies plan to conduct more than $500 billion of business together.
Nvidia is also in talks to provide up to $250 billion to help OpenAI lease computing power from a U.S. data‑center project, which would be one of its biggest financing deals with a customer.
The Financial Times report did not specify which projects or companies would receive the funding, the exact nature of the investment, or whether the $500 billion represents new commitments or existing ones.
Earlier this month, Nvidia announced a substantial investment in Safe Superintelligence Inc., the AI startup founded by former OpenAI chief scientist Ilya Sutskever. It is also discussing financing $350 billion of OpenAI’s chip purchases for the U.S. project.
The partnership signals Nvidia’s aggressive push into AI infrastructure, while investors monitor how the large sums will be allocated and how they may affect the broader market.