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Nvidia, Wall St firms plan $500b AI infrastructure push

By AAP Newswire

Aug 11, 2026

Nvidia CEO Jensen Huang — The new funds could benefit AI research labs, Nvidia chief executive Jensen Huang says. -AP

Nvidia and major Wall Street firms plan to mobilise at least $US500 billion to invest in artificial intelligence (AI) infrastructure, seeking to attract large amounts of investor capital for funds financing data centres equipped with Nvidia chips.

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The partnership includes Goldman Sachs and investment firms Apollo, BlackRock and KKR, Nvidia said, without providing details on a time frame for the initiative.

Nvidia is by far the leading provider of chip systems used to train and run AI models. Cloud giants including Amazon, Google, Microsoft and Meta are investing hundreds of billions of dollars in expanding AI data centres.

The new funds could benefit AI research labs and start-ups, Nvidia chief executive Jensen Huang told US broadcaster CNBC.

Nvidia itself has invested in AI companies in recent months, with some of those firms subsequently using the proceeds to buy the chipmaker's technology. Such circular deals have raised concerns among some investors.

Huang said building data centres requires an investment of about $US50 billion to $US60 billion for each gigawatt of power consumption.

BlackRock boss Larry Fink said current estimates suggest the United States alone will need more than 70 gigawatts of AI data centre capacity.

Goldman Sachs chief executive David Solomon acknowledged there would be winners and losers in the race to develop AI. The partners nevertheless expect computing capacity to become an established investment category.