00:00This week, NVIDIA unveiling a $500 billion plan for AI infrastructure, and it's tapped six of the biggest names in
00:06finance to help.
00:07The list includes some of the world's biggest asset managers, Apollo, BlackRock, Blackstone, Brookfield, KKR, and Goldman Sachs.
00:13The idea is they'll pull together money from third-party investors to help fund the build-out of AI infrastructure.
00:19This is by far the biggest AI financing deal to ever hit Wall Street.
00:23The exact details on the structure and timing were initially pretty slim,
00:26so the news revived concerns that NVIDIA's inflating demand for its chips through circular financing agreements.
00:31Those worries have helped its credit risk rise.
00:34But executives have clarified that NVIDIA's contribution will be pretty limited.
00:38Instead, these Wall Street firms will independently evaluate each project and decide whether to provide funding.
00:44And this probably won't end here.
00:45With Morgan Stanley predicting that AI infrastructure spending will be roughly $3.5 trillion over the next two years,
00:51it's clear companies are having to get creative to find cash for the AI build-out.
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