Nvidia paused AI cloud credit program after antitrust concerns, $36B for revenue share
imjustnewatai · x · 2026-08-28
WSJ reports Nvidia paused parts of a financing initiative: per its 10-Q, Nvidia sold GPUs to selected AI clouds while committing $36 billion, typically over six years, to buy back their capacity—and could share revenue if the clouds found other customers. Employees had warned the program could draw antitrust scrutiny; Nvidia hasn't confirmed the reason.
The author dissects the mechanism: Nvidia sells the GPU, helps make the buyer financeable, backstops demand for its capacity, then collects part of the rental upside. His conclusion: financing is becoming AI infrastructure's next control layer—whoever decides which projects get credit decides where compute exists before a model trains there. CUDA made Nvidia the toll road; capital allocation could let it choose where the roads are built.
Related event: Nvidia Pauses Some AI Cloud Revenue-Sharing Deals Amid Antitrust Concerns(3 posts)→
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