Nvidia’s new financial strategy does not compute
GetDeal Team
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“Compute is an asset class! Compute is an asset class!” I continue to insist as I slowly shrink down and turn into a corncob | Image: Cath Virginia / The Verge, Getty Images
April - 1805 Napoleon is master of Europe Only the British fleet stands before him Compute is now an asset class I see it is once again time to talk financial innovation. Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR are all working with Nvidia to put together $500 billion in financing to turn compute into an asset class. "This is really the first time that technology chips have become an investable asset class," Nvidia CEO Jensen Huang said to CNBC. "These are revenue-generating assets now. They're productive, they're long-lived, they're fungible, they're flexible."
"This is the very beginning, like what it was whe …
Read the full story at The Verge.
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