US investment giants including Apollo Global Management Inc, Blackstone Inc, BlackRock Inc and Brookfield Asset Management are partnering with Nvidia Corp to source $500 billion in financing for artificial intelligence infrastructure. The coalition, which also includes Goldman Sachs Group Inc and KKR & Co, will “create dedicated pools of capital at significant scale at attractive rates for Nvidia customers,” according to a statement Monday. Nvidia Chief Executive Officer Jensen Huang said in a CNBC interview that he approached only the six firms for the commitment, and none turned him down. The effort comes with a huge headline figure but few details on the timing and structure of the financing, or how much the plan goes beyond the string of AI deals that are already driving a large chunk of Wall Street’s biggest transactions. Executives indicated that it will focus on debt financing to provide access to compute for Nvidia’s largest customers and that there are already many deals in the works that would qualify toward this commitment. “We are bringing the world’s leading long-term capital providers together to independently underwrite AI infrastructure,” Huang said in the statement. Nvidia has already signed hundreds of billions of dollars’ worth of deals with companies across the AI ecosystem, stoking concerns from some investors that the chipmaking giant is inflating demand and valuations through the circular nature of such agreements. “In effect, they made Nvidia’s product cheaper without really cutting GPU prices,” said Felix Wang, managing director of global technology at Hedgeye Risk Management