Nvidia, Wall Street Firms Partner on $500 Billion AI Financing Venture

3-line summary

• A group of financial firms including Apollo Global, Blackstone, BlackRock's Global Infrastructure Partners, Brookfield Asset Management, Goldman Sachs and KKR is working with Nvidia to assemble a $500 billion funding package for AI infrastructure, according to a Reuters report citing a source, first reported by the Financial Times.
• Nvidia shares fell over 3% in afternoon trading; Big Tech companies' combined AI spending is set to surpass $730 billion this year.

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