NVIDIA's $500B Compute Deal, Paramount Threatens to Bounce, Record Europe Tourism | Ernie Garcia, Alex Edelson, Nico Simko, Ian McGinley, Conor Sen

**John Coogan** (0:00)
You're watching TBPN.

**Jordi Hays** (0:02)
Today's Tuesday, August 11, 2026 We are live from the TBPN Ultra, on the Temple of Technology, the fortress of finance.

**John Coogan** (0:08)
We are back.

**Jordi Hays** (0:10)
Capital to capital, let me tell you about ramp.com. Time is money, save both, easy to use corporate cards, bill pay, accounting and a whole lot more, all in one place. Is that the Nvidia compute deal alarm? Huge deal.
Hit the wire yesterday, but on the cover of the Financial Times today, Wall Street, big names join Nvidia to build $500 billion AI financing package, a landmark lending plan. Jensen really lined up the murderers row of financiers for his new AI financing package.

**John Coogan** (0:43)
Legendary setup over on CNBC too. Becky was one of the greatest roundtables of all time.

**Jordi Hays** (0:49)
Yeah, incredible. Only Larry Fink was remote. They got David Solomon, CEO of Goldman Sachs, in-studio John Gray from Blackstone, Jim Zelter from Apollo, Bruce Flatt from Brookfield, and of course Jensen breaking it all down for everyone. I'm sure the Hollywood starlets were pounded on the glass outside, looking for some new arm candy, don't you think?

**John Coogan** (1:09)
A hundred percent.

**Jordi Hays** (1:10)
One hundred percent because it's very rare to see that many individuals.

**John Coogan** (1:14)
Allocators.

**Jordi Hays** (1:15)
Capital allocators, specifically capital allocators put it all on the line every day in the market.

**John Coogan** (1:20)
Some would call them bad boys.

**Jordi Hays** (1:22)
Some might, some have. I'm sure they were lined up, but it's a great segment. I mean, they went for maybe 45 minutes or something.
I wanted to play this one clip of them discussing just the profitability, why they see this as an investable asset. There were a couple of quotes.
The interesting one from Jim Zelter, the sheer size of the AI infrastructure buildout is unprecedented. The president of Apollo said, more than $8 trillion of capital is expected to be invested, a staggering sum. We see an enormous opportunity for private capital to finance a portion of this along with public capital. So Wall Street's not taking their foot off the gas. Before we play the clip, let me tell you about Figma. Agents, meet the canvas. Your AI agents can now create and modify your Figma files with design system context.

**John Coogan** (2:08)
Very interesting. David in the X-Shot says, time will tell if Jamie Dimon not being with them on the desk might be smart in hindsight, or if he's out.

**Jordi Hays** (2:16)
It's very interesting that he was missing.

**John Coogan** (2:17)
Out.

**Jordi Hays** (2:18)
Yeah. I don't know. I mean, at the same time, it feels like there's so many different deals happening and like this is this consortium. There's going to be multiple ways to participate. If this winds up being some sort of fund or vehicle, I'm sure it can be offered to his clients in some way downstream. It's more just like he wasn't in the press circuit. But I don't know. It is a really good point. He was notably absent, which was interesting.
At a certain point, you get so many of the finance guys together, you start noticing who's not there more than who is. Anyway, let's play this clip from CNBC.

**Conor Sen** (2:55)
More of your margin of safety of energy.

**Becky Quick** (2:57)
So are these concerns about whether we can meet this demand overdone at this point? Do you think, Jensen, that from where you see things, the demand level and how we're building up around it, that it's going to be okay, it'll all work out?

**Jensen Huang** (3:10)
We're going to be constrained for some time and pretty much across the board, from chips to memories to packaging to systems, photonics, connectors, land, power, construction workers, the whole thing, the entire supply chain up and down, behind me upstream, all the way downstream.
This is happening at a time when AI has become useful because it's starting to do productive work, and it's happening all over the world, and AI tokens are profitable, incredibly profitable. When you have something profitable, everybody wants to make more of it. Great demand, great profitability, the conditions are exactly right for the work that we're doing right now.

**Becky Quick** (3:56)
Jensen, why these companies, and did you go to any partners who said no?

**Jensen Huang** (4:02)
No one said no, but this is the sixth premier, world's premier institutional financiers for infrastructure. This is the best of the best.

**Becky Quick** (4:13)
What John said, that right now, you'll be less likely to have public capital that comes into this because a lot of these are companies that aren't making money yet. Is he right on that, or are there going to be big banks and others that kind of step up?