Nvidia has recruited six of Wall Street's largest asset managers to raise more than $500 billion for AI infrastructure, an arrangement built to let its own customers build data centres without the debt showing up on their books.

The chipmaker signed memorandums of understanding with Apollo Global Management, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs and KKR, tapping institutional money, insurance funds and private credit.

The six firms will run what Nvidia calls "compute financing platforms", lending money that borrowers can spend on chips, servers, networking gear, buildings and........

© The News International