Connect with us

Business

Nvidia gets $500bn from major banks to develop AI data centres

Published

on

Nvidia CEO Jensen Huang standing in front of a screen with the company's name and logo, gesturing upward with his hands, wearing a black leather jacket over a black shirt.

Nvidia has teamed up with some of Wall Street’s largest banks to help raise $500bn (£370bn) in capital to develop artificial intelligence (AI) infrastructure.

The chipmaker said it had struck deals with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR, and that the banks were for the first time treating AI hardware and infrastructure, often referred to as “compute”, as a separate asset class.

“In AI, compute is revenue”, Jensen Huang, chief executive of Nvidia, said. “We are bringing the world’s leading long-term capital providers together to independently underwrite AI infrastructure.”

The financing will go towards Nvidia’s own projects and those being built by its partners.

Advertisement

Infrastructure projects backed by this fund will include the construction of new data centres to house, operate, and cool miles of stacked computer chips that process AI data and actions.

This will also back new factories to manufacture the AI chips needed to power these systems.

“Compute has become a critical infrastructure asset”, Joe Bae and Scott Nuttall, co-cheif executives of KKR, said in a joint statement. “As we’ve scaled our approach to digital infrastructure, we’ve learned that delivery, not ambition, is the hard part.”

Essentially every major technology and AI company uses Nvidia’s computer chips, or graphics processing units (GPUs), to power their services, AI platforms and AI chatbots.

Advertisement

Companies using Nvidia’s popular chips or GPUs include Google, Meta, Amazon, Microsoft, SpaceX, Tesla, OpenAI and Anthropic.

Such companies have collectively spent over $1 trillion, external in just three years on AI projects and infrastructure, with much more spending expected. And their demand for Nvidia’s chips and services has driven the stock market value of the company up five fold in three years.

In a statement on Monday, Huang referred to Nvidia’s role as a chip-maker as the company’s beginning.

“Today, we are helping create a new class of productive, investable infrastructure: AI factories,” he said.

Advertisement

With a new ability to tap some funding from the banks partnering with Nvidia, such banks will be able to finance more of the AI boom.

Jim Zelter, president of Apollo, a lender which manages more than $800 million in assets, said: “Modern compute has emerged as a scarce, mission-critical asset class.”

It is also “positioned to drive significant long-term economic growth and productivity gains”, Zelter added.

BlackRock last month entered into an individual deal with Meta, external to finance and take a majority ownership stake in one data centre in Texas.

Advertisement

Anthropic also recently entered into a deal with Macquarie Asset Management and GIC, an investment bank in Singapore, for its own build-out of AI infrastructure.

The company did not specify the size of the deal, but said more financing was needed as its popular chatbot Claude had become so popular that the “demand requires significant new compute”.

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

World Markets Watchlist: August 10, 2026

Published

on

World Markets Watchlist: August 10, 2026

Global financial market chart elements surrounding detailed earth globe with abstract light backdrop highlighting economy and trade trends. 3D Rendering

Getty Images

By Jennifer Nash

Our global markets watchlist tracks nine prominent indexes from economies around the world. The list includes the S&P 500 from the United States, TSX from Canada, the FTSE 100 from England, the DAXK from Germany, the CAC 40 from

Advertisement
Continue Reading

Business

Palantir: Doubling Down On The Same Mistakes

Published

on

Berkshire Hathaway: Why I Set A $450 Limit Buy Order

Palantir: Doubling Down On The Same Mistakes

Continue Reading

Business

Ford Otomotiv Sanayi A.S. 2026 Q2 – Results – Earnings Call Presentation (OTCMKTS:FOVSY) 2026-08-10

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

Continue Reading

Business

US SEC exempts certain data center bonds from key securitization rules

Published

on


US SEC exempts certain data center bonds from key securitization rules

Continue Reading

Business

Quilter plc 2026 Q2 – Results – Earnings Call Presentation (OTCMKTS:QUILF) 2026-08-10

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

Continue Reading

Business

Mineros S.A. 2026 Q2 – Results – Earnings Call Presentation (OTCMKTS:MNSAF) 2026-08-10

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

Continue Reading

Business

Recursion Pharmaceuticals: I'm Still Bearish Despite Recent Genentech News

Published

on

Recursion Pharmaceuticals: I'm Still Bearish Despite Recent Genentech News

Recursion Pharmaceuticals: I'm Still Bearish Despite Recent Genentech News

Continue Reading

Business

(PHOTOS) American Pie Shannon Elizabeth Now Runs Wildlife Charity In South Africa, Shows Ageless Look Today

Published

on

Shannon Elizabeth

LOS ANGELES — Shannon Elizabeth, the actress who became a defining face of early 2000s pop culture through her role in “American Pie,” has traded Hollywood red carpets for wildlife conservation work in South Africa, where she has spent nearly a decade building a foundation dedicated to protecting endangered animals.

Elizabeth first rose to widespread fame with her role as Nadia, the foreign exchange student who becomes Jim Levenstein’s crush in the 1999 teen comedy “American Pie,” a performance that turned her into an instant sex symbol and cultural fixture of the era. She followed that breakout with a memorable role in the horror-comedy parody “Scary Movie,” a performance still referenced today as inspiration for Halloween costumes, and appeared in Enrique Iglesias’ music video for “Be with You,” cementing her status as one of the most recognizable young stars of the early 2000s. She later took on a role in the ensemble romantic comedy “Love Actually,” further broadening her filmography beyond teen comedy.

Since 2016, Elizabeth has largely stepped away from the entertainment industry after relocating to South Africa to launch the Shannon Elizabeth Foundation, an organization focused on wildlife conservation. The move predated a wider wave of celebrities who left Los Angeles for quieter lives abroad in the years following the COVID-19 pandemic, positioning Elizabeth as an early adopter of a lifestyle shift that has since become more common among entertainment figures.

Speaking to Fox News in April 2026 about her decision to relocate, Elizabeth described a growing sense that her work in Hollywood no longer felt as urgent as the conservation crisis she saw unfolding overseas. She said she came to feel that the entertainment work she had been doing “weren’t as important at the time,” explaining that she felt pulled toward being physically present for the issues she cared about rather than continuing to observe them from a distance. That realization, she said, ultimately led her to make the permanent move.

Advertisement

The shift in priorities has also reshaped Elizabeth’s public image. Where she was once associated with the glossy, style-forward aesthetic of Y2K pop culture, recent photos show her embracing a more relaxed, outdoor-oriented look reflective of her conservation work. In one photo shared to social media in April 2026, Elizabeth appeared in an army-green coat alongside an animal companion, a departure from her earlier red carpet image, though she still incorporated a nostalgic butterfly hair clip reminiscent of the early 2000s style she helped popularize.

Elizabeth’s more recent social media activity suggests she has maintained an active travel and lifestyle presence even while based in South Africa. On July 17, 2026, she shared a selfie taken during a boat excursion in Mauritius, showing her en route to a private island resort. Describing the experience in her caption, Elizabeth wrote that “this place kept finding new ways to take my breath away.” In the photo, she appeared in a black dress featuring nude cutout panels and a ruffled trim, with her signature wavy, warm-brunette hair largely unchanged from the look that made her recognizable to audiences more than two decades ago.

That consistency in appearance has drawn attention from fans and entertainment outlets alike, with commentary noting that Elizabeth’s hairstyle has remained comparatively stable over the years compared with the dramatic transformations some of her contemporaries have undergone. Her continued public profile also traces back to earlier recognition of her looks, including a placement on Maxim’s Hot 100 list in 2008, a ranking that reflected her status as one of the era’s most prominent sex symbols at the peak of her mainstream visibility.

Elizabeth’s transition from teen comedy star to conservation advocate reflects a broader pattern among entertainment figures who have used their platforms to shift focus toward environmental and humanitarian causes later in their careers. Her foundation’s work in South Africa centers on protecting the region’s wildlife populations, an effort she has described as driven by a sense of urgency around threats facing endangered species and the communities that depend on that ecosystem.

Advertisement

While Elizabeth has largely stepped back from a full-time acting career, her early filmography remains closely tied to her public identity, particularly her role in the “American Pie” franchise, which has continued to resonate with audiences through streaming rewatches and nostalgia-driven pop culture coverage in the years since its release. The franchise, which spawned multiple sequels and spinoffs, remains one of the most commercially successful teen comedy series of its era, and Elizabeth’s role as Nadia continues to be cited as one of its most memorable performances.

Elizabeth’s current life in South Africa stands in sharp contrast to the Hollywood-centered career that first made her famous, illustrating a broader shift many former stars of that era have made toward causes and lifestyles far removed from the entertainment industry that launched their careers. For Elizabeth, that shift appears to have brought a renewed sense of purpose, even as she continues to maintain visibility with fans through occasional glimpses of her travels and conservation work shared on social media.

Continue Reading

Business

BOJ’s rate-hike path runs into Takaichi’s bond market problems

Published

on


BOJ’s rate-hike path runs into Takaichi’s bond market problems

Continue Reading

Business

Advanced Info Service Public Company Limited 2026 Q2 – Results – Earnings Call Presentation (OTCMKTS:AVIFY) 2026-08-10

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

Continue Reading

Trending

Copyright © 2025