据《金融时报》周二报道，英伟达已与保险公司进行洽谈，探讨由保险公司承担部分以其AI芯片为担保的贷款风险。据该报报道，谈判尚处于早期阶段，可能不会达成任何交易。TNW尚未独立核实该报道。
Nvidia has talked to insurers about taking on some of the risk of loans backed by its AI chips, the Financial Times reported on Tuesday. The talks are at an early stage and may not lead to any deals, according to the FT. TNW has not independently verified the report.
其中一个设想是为向小型云服务商（被称为新云服务商，neoclouds）发放的贷款提供保险，这些云服务商以英伟达芯片作为抵押品。如果借款人违约且转售芯片所得低于债务金额，该保险将保护出借人。
One idea would insure loans to smaller cloud providers, known as neoclouds, that pledge Nvidia chips as collateral. If a borrower defaults and the resold chips fetch less than the debt, the cover would protect the lender.
《金融时报》报道称，英伟达正与再保险经纪商Howden Re合作探讨一种可能的架构。英伟达已向至少一家保险公司提供了关于其芯片贬值速度以及计算能力预期未来价值的数据。
Nvidia is working with reinsurance broker Howden Re on one possible structure, the FT reported. It has given at least one insurer data on how fast its chips lose value and on the expected future value of computing power.
英伟达还考虑加入由保险公司、对冲基金和资产管理公司组成的集团，以支持融资交易。据《金融时报》报道，保险公司反过来可以将部分风险转移给对冲基金和其他投资者。“可投资的资产类别”英伟达一直认为，出借人可以像对待其他任何资产一样对待其硬件。
Nvidia has also considered joining groups of insurers, hedge funds and asset managers to back financing deals. Insurers could in turn pass some of the risk on to hedge funds and other investors, according to the FT. ‘An investable asset class’Nvidia has made the case that lenders can treat its hardware like any other asset.
正如《金融时报》新闻简报播客中所引用的那样，英伟达曾表示：“AI基础设施是一种可投资的资产类别，因为它们具有独特的生产力、耐用性和可替代性。”
“AI infrastructure is an investable asset class because it’s uniquely productive, durable and fungible,” Nvidia has said, as quoted on the FT News Briefing podcast.
在同一期播客中，《金融时报》保险记者李·哈里斯（Lee Harris）表示，初创公司目前正在销售“残值保险”。它保护大型芯片买家免受其芯片贬值速度快于预期的风险。
On the same podcast, the FT’s insurance correspondent Lee Harris said start-ups are now selling “residual value insurance”. It protects big chip buyers against the risk that their chips lose value faster than expected.
哈里斯说，许多大型传统保险公司对AI公司的风险敞口已经达到上限。与AI投资的规模相比，全球保险业的规模显得很小。
Many large traditional insurers are already at their limit for exposure to AI companies, Harris said. The global insurance industry is small next to the scale of AI investment.
以芯片作为抵押品 该报道发布的前一天，英伟达刚创纪录地增加了1500亿美元的股票回购。今年8月，新云服务商Lambda借款9.17亿美元用于购买英伟达的芯片，英伟达也对该公司进行了投资。随后，该公司又为另一笔英伟达芯片交易签署了10亿美元的私人债务协议。
Chips as collateral The report came a day after Nvidia added a record $150bn to its share buyback. In August, the neocloud Lambda borrowed $917m to buy chips from Nvidia, which invests in it. It later signed $1bn of private debt for another Nvidia chip deal.