Nvidia Pushes AI Chips to Be Treated as Lendable Assets
Nvidia is trying to turn its AI chips into a new financeable asset class, arguing lenders can treat compute as long-lived and revenue-generating given the hardware’s transferability. The effort follows Nvidia’s SK Hynix memory partnership and a reported deal to guarantee financing for a 10-gigawatt Ohio data center leased to OpenAI, alongside Blackstone’s role in a $500 billion project. Commentators warn this could enable circular financing that blurs the health of AI demand economics.