Wall St. Wants Another Half-Trillion Dollars for the A.I. Boom

The chief executive of BlackRock, Larry Fink, shown in January, said on Monday that the artificial intelligence industry needed to raise money “as fast as possible.”

The chief executive of BlackRock, Larry Fink, shown in January, said on Monday that the artificial intelligence industry needed to raise money “as fast as possible.”

Andhra Pradesh is using AI and data analytics across GST administration, with the GST Council praising its model for revenue monitoring and tax compliance.
Happy Tuesday! Yulu and Bounce Infinity are back in the funding market as rising delivery demand gives them a fresh boost. This and more in today’s ETtech Morning Dispatch.
In an ambitious collaboration, Nvidia is joining forces with six prominent financial institutions to establish compute financing platforms with the goal of unlocking upwards of $500 billion in third-party investment for AI infrastructure.

Some of Wall Street’s biggest financial firms are partnering with Nvidia Corp. to pour a half-trillion dollars of funding into the artificial intelligence industry’s massive infrastructure buildout. Nvidia said today it has struck deals with Apollo Global Man…