NVIDIA unveils revenue-share model for AI clouds

NVIDIA announced (July 1, 2026, official blog, authored by CFO Colette Kress and Raj Mirpuri) a new business model for AI infrastructure: AI clouds procure NVIDIA infrastructure under a revenue-sharing plus credit-support structure instead of plain hardware purchases.

NVIDIA says emerging AI companies have had limited access to capital-intensive infrastructure — even long-term commitments were often insufficient to unlock financing for compute. The new model targets that bottleneck.

Key points

• AI clouds sell NVIDIA-powered services; NVIDIA earns standard product revenue plus a share of cloud revenue on the supported capacity — a recurring, usage-linked earnings stream.
• Sharon AI and Firmus are among the first partners: Sharon AI is deploying up to 40,000 Grace Blackwell GB300 GPUs; Firmus is building a DSX AI factory campus in Batam, Indonesia, expected to scale to 360 MW and up to 170,000 GPUs.
• Beneficiaries: model builders, inference providers, agent platforms and enterprises that need compute without waiting through site selection, power procurement and construction.
• NVIDIA cites AI natives like Baseten, Fireworks AI and Together AI as examples of demand shifting toward large-scale inference.

For developers, this signals GPU cloud supply may scale up faster — worth watching compute rental pricing in coming quarters.