Wall Street's largest financial firms are joining forces with Nvidia to create a $500bn funding package aimed at accelerating AI infrastructure development, marking one of the most significant lending initiatives in recent memory. The consortium includes heavyweight names such as Apollo Global, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs, and KKR, according to six sources familiar with the discussions who spoke to the Financial Times.

The deal, which may be unveiled as early as Monday, highlights Nvidia's expanding role not only as a chip manufacturer but also as a financial facilitator for AI infrastructure projects. The company frequently provides financial support to help its AI partners secure debt in capital markets, a strategy that simultaneously boosts Nvidia's own revenue streams. However, the interconnected nature of these arrangements has sparked concerns about potential risks and concentration within the sector.

This collaboration also reflects Nvidia's strategic push to deepen ties with major private capital firms, which are collectively gearing up to deploy trillions of dollars from insurance, retail, and institutional investors into AI infrastructure. Over the past few years, firms like Apollo and Blackstone have already structured similar deals to help companies such as Anthropic fund their substantial investments in chips and data centers.

Apollo, Blackstone, Brookfield, BlackRock, Goldman Sachs, and KKR did not immediately respond to requests for comment. Neither did Nvidia.