RESOLVING THE LEDGER
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Five words: "In AI, compute is revenue."
That's how Nvidia (NASDAQ: NVDA) CEO Jensen Huang summed up Monday's announcement. Goldman Sachs , BlackRock , KKR , and three other financial giants signed memorandums of understanding to build financing platforms meant to mobilize more than $500 billion of third-party money for artificial intelligence (AI) infrastructure.
The sentence is the whole credit case. After all, lenders finance buildings, power plants, and toll roads because those assets produce income a loan can be repaid from. Huang's argument is that a rack of chips now belongs on that list.
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