What Does BlackRock (BLK) Joining A $500 Billion AI Funding Push Mean?

BlackRock (NYSE: BLK) is teaming up with Nvidia and other major financiers to build AI infrastructure financing platforms targeting over US$500b. The consortium plans to treat high end AI compute capacity as a distinct asset class aimed at large institutional investors. Credit desks at BlackRock and its peers are expected to play a central role in structuring these AI infrastructure funding vehicles. BlackRock’s move to co create US$500b AI infrastructure financing platforms with Nvidia is...