FT: Nvidia just turned its AI chip lead into a $90B financing machine that funds the companies buying, renting, building, and extending its own computing stack.
The company committed $47B to investments and partnerships through Jan-25, then earmarked another $43B in the next 4 months, covering 145+ companies across model labs, cloud providers, chip designers, and suppliers.
That creates a loop where startups get capital, suppliers expand capacity, cloud firms buy more Nvidia GPUs, and Nvidia becomes harder to replace inside the AI infrastructure layer.
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ft .com/content/c6b362b8-ab6b-4723-af48-28082bdfcac2?syn-25a6b1a6=1
