Reported about 9 hours ago
JPMorgan Chase and Mitsubishi UFJ Financial Group are arranging a $38 billion debt package to support data centers in Wisconsin and Texas for Oracle, crucial for AI infrastructure. This initiative will help Oracle enhance its collaboration with OpenAI, which aims to rent additional data center capacity. The financing reflects the growing competition among banks to fund large-scale data centers necessary for deploying advanced AI technologies.
Source: YAHOO