Nvidia has teamed up with six major financial firms, including Apollo, Blackstone, BlackRock, Brookfield, Goldman Sachs, and KKR, to create "compute financing platforms." These platforms are designed to raise more than $500 billion in external capital for AI infrastructure, with Nvidia potentially backstopping up to $125 billion (25%) of the deals. Blackstone President Jon Gray likened AI compute to a "financeable asset class," similar to how mortgage lenders assess homes. However, the announcement has also sparked market skepticism regarding potential "circular financing" concerns, with Nvidia shares falling after the news was first reported.