Nvidia has teamed up with some of Wall Street's largest banks to help raise $500bn £370bn in capital to develop artificial intelligence AI infrastructure. The chipmaker said it had struck deals with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR, and that the banks were for the first time treating AI hardware and infrastructure, often referred to as compute, as a separate asset class. In AI, compute is revenue, Jensen Huang, chief executive of Nvidia, said. We are...
