AIThe Next Webabout 3 hours ago
Nvidia, Wall Street Giants Plan $500B AI Fund
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Nvidia is working with Apollo Global Management, Blackstone, BlackRock's Global Infrastructure Partners, Brookfield Asset Management, Goldman Sachs, and KKR on a $500 billion financing package for AI infrastructure. The company's shares fell on the news. Morgan Stanley projects hyperscalers will spend $3.5 trillion between 2026 and 2028.
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