Wall St. Wants Another Half-Trillion Dollars for the A.I. Boom

In some quarters, the words “artificial intelligence” have never been less popular, as many worry about job losses, environmental impacts and plain old uncertainty.

Not so on Wall Street, where six giant asset managers, private-equity firms and banks came together on Monday to announce an effort to raise $500 billion to keep fueling the A.I. boom by financing more data centers, power plants and chips.

The firms — BlackRock, Goldman Sachs and KKR among them — said they were working together to come up with that huge sum to lend to Nvidia’s customers, including the start-ups that use the company’s chips in data centers to develop and operate A.I. software.

These customers, Nvidia said, have been struggling to secure financing for chips and data centers. Nvidia will connect its customers with one of the six lenders, which will provide financing that could range from loans to credit. The financing will be “at attractive rates,” Nvidia said in a blog post.

Article source: https://www.nytimes.com/2026/08/10/business/ai-nvidia-lenders-500-billion.html