Goldman in talks with investors on Nvidia's $500 billion AI infrastructure financing

Goldman Sachs is in talks with investors about participating in Nvidia's $500 billion AI infrastructure financing initiative, after securing a key role in the deal through its long-standing relationship with the chipmaker. US insurers, money managers, and banks are expected to form the core investor base, with asset managers retaining a sizable share. Goldman can provide junior capital and private credit financing, while its investment bank may place debt into private credit funds and eventually public markets. Nvidia announced the partnership with six financial institutions on August 10 to raise third-party capital for AI infrastructure. The unusual structure shifts away from vendor financing, with Nvidia able to backstop up to $125 billion of the potential deals.