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Amazon is reportedly seeking to transfer about $8 billion of Nvidia chips to a special-purpose vehicle funded by external investors.
Amazon is seeking to offload about $8 billion worth of advanced Nvidia chips to external investors through a new special-purpose vehicle, according to a report by the Financial Times.
The reported move comes as the technology and e-commerce company continues to increase spending on artificial intelligence infrastructure and looks to strengthen its balance sheet. Amazon has held discussions with potential investors in recent weeks about the proposed financing arrangement, the report said, citing people familiar with the matter.
Under the proposed structure, thousands of Nvidia Grace Blackwell chips deployed across more than a dozen data centres in the United States would be transferred into a special-purpose vehicle funded by outside investors.
The arrangement would allow Amazon to continue using the Nvidia hardware while changing how the assets are financed. Rather than Amazon carrying the full cost of the infrastructure on its balance sheet, the special-purpose vehicle would be financed partly by external capital.
According to the Financial Times, the vehicle could issue debt and sell up to a 10% equity stake to investors. This would provide external financing for the chips while allowing Amazon to retain access to the computing hardware.
The proposed transaction comes amid a broader increase in investment by major technology companies in AI infrastructure. Nvidia’s Grace Blackwell platform is designed for demanding AI workloads and combines GPUs and CPUs for training and running large AI models.
Amazon has been expanding its AI infrastructure as it develops and deploys artificial intelligence services across its business. The company has also been investing heavily in cloud computing capacity through Amazon Web Services, alongside its own AI products and services.
The reported financing structure would therefore allow Amazon to continue using thousands of advanced Nvidia chips without requiring the company to fund the entire value of those assets directly.
The discussions with investors are reportedly ongoing, and the proposed transaction has not been presented as a completed deal. The final structure, size and terms could therefore change.
If completed, the arrangement would represent a financing approach in which ownership and funding of AI hardware are separated from its ongoing use by Amazon. The company would continue accessing the Nvidia infrastructure while external investors provide capital through the special-purpose vehicle.
The reported $8 billion figure covers the Nvidia hardware that Amazon is seeking to transfer through the proposed arrangement.
