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CNBC Daily Open: Big Tech Wants to Tap Wall Street's Big Wallets

Summary by CNBC
After three years of Big Tech splashing out on AI investments, Nvidia is looking to shake up the industry by tapping into Wall Street cash.

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NEW YORK (Reuters) - U.S. chipmaker Nvidia Corp. has partnered with six major financial institutions to create computing infrastructure financing platforms to mobilize more than $500 billion in capital from third parties for artificial intelligence (AI) infrastructure, the company said on Monday. Its graphics processing units (GPUs) are widely used to develop and operate AI systems.

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Neowin broke the news in Plymouth, United States on Tuesday, August 11, 2026.
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