**[NVIDIA's AI Moat Shifts: From Chip Dominance to "Capital Player"]** BlockBeats reports that on August 18, NVIDIA is leveraging its strong cash flow and financing capabilities to extend AI competition from the chip sector into the capital markets. Over the past week, NVIDIA first reached agreements with Wall Street institutions such as Goldman Sachs, Blackstone, BlackRock, and Apollo, planning to drive GPU financing of up to $500 billion. Subsequently, it announced support of up to $105 billion for OpenAI's Ohio data center project. NVIDIA CEO Jensen Huang stated that the growth rate of many cutting-edge AI labs has surpassed their balance sheets and long-term credit capabilities, requiring external capital to support AI infrastructure development. NVIDIA also plans to provide up to 25% backstop support for related loans and continues to strategically invest in the AI industry chain through equity investments. As Google TPU and AMD accelerate their catch-up efforts, NVIDIA's chip technology advantage faces challenges. Analysts believe NVIDIA is expanding its ecosystem control through a "chip + capital" model, further solidifying its market dominance while driving AI infrastructure investment. [Original Link]