Nvidia lines up more than $500bn from six asset management giants for the AI buildout

Six days after Apollo CEO Marc Rowan called his firm’s $35 billion financing of Broadcom’s custom AI chips “the largest origination in our sector ever,” Apollo joined five of the world’s largest asset managers to blow past that record more than fourteenfold, signing memoranda of understanding with Nvidia to mobilize more than $500 billion in third-party capital for the AI infrastructure buildout.