Business & Economy · 3 views
The next AI race will be won at the credit desk
In August, Nvidia pulled together six of the biggest names in finance— Apollo , BlackRock , Blackstone , Brookfield , Goldman Sachs , and KKR—to set up financing platforms that could mobilize over $500 billion for companies building AI…
AI Summary
In August, Nvidia assembled six major financial firms—Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR—to create financing platforms capable of mobilizing more than $500 billion for AI‑infrastructure projects. The initiative reflects Nvidia’s shift from pure chip manufacturing to coordinating broader AI investments, underscoring that future growth hinges on securing large‑scale capital as much as on product affordability. The article argues that the next AI competition will be driven by who can raise cheap, massive funding, a advantage that currently favors the United States because of its deeper capital markets.
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