In a groundbreaking move, Nvidia has partnered with major financial institutions such as Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to raise an unprecedented $500bn in capital for artificial intelligence (AI) infrastructure. This investment will be utilized to fund the development of new data centers and factories that will house advanced computer chips designed for AI processing, as well as increase production of AI chips themselves. The partnership marks a significant shift in treating AI hardware and infrastructure, often referred to as "compute," as an asset class. With this financing, Nvidia aims to accelerate the growth of AI technology, a sector that has seen massive investments from leading tech companies like Google, Meta, Amazon, Microsoft, SpaceX, Tesla, OpenAI, and Anthropic, who collectively have spent over $1tn on AI projects in just three years. However, concerns about the return on investment for these projects persist, as more funding pours into the sector. Jim Zelter, president of Apollo, emphasized that modern compute has become a scarce, mission-critical asset class, positioned to drive significant long-term economic growth and productivity gains. Recent deals include BlackRock's investment in Meta's data center in Texas and Anthropic's partnership with Macquarie Asset Management and GIC for its own AI infrastructure expansion. As Nvidia continues to power the AI industry with its popular chips, the new funding will enable it to finance more of the anticipated boom in AI projects.