Nvidia cuts guaranteed OpenAI infrastructure financing
Nvidia has significantly reduced the amount of OpenAI infrastructure financing it may guarantee, according to a report. Separately, Nvidia is working with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to create a $500 billion financing pool that treats compute as an investable asset class, a plan The Verge criticizes.
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The Verge AIElizabeth Lopatto
“Compute is an asset class! Compute is an asset class!” I continue to insist as I slowly shrink down and turn into a corncob | Image: Cath Virginia / The Verge, Getty Images April - 1805 Napoleon is master of Europe Only the British fleet stands before him Compute is now an asset class I see it is once again time to talk financial innovation. Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR are all working with Nvidia to put together $500 billion in financing to turn compute into an asset class . "This is really the first time that technology chips have become an investable asset class," Nvidia CEO Jensen Huang said to CNBC. "These are revenue-generating assets now. They're productive, they're long-lived, they're fungible, they're flexible." "This is the very beginning, like what it was whe … Read the full story at The Verge.
