JPMorgan Chase will provide OpenAI with over $7 billion in loans for data centers

Odaily Planet Daily News: Insiders have revealed that JPMorgan Chase has agreed to provide over $7 billion in loans to companies building the OpenAI giant artificial intelligence data center park in Abilene, Texas. The transaction with JPMorgan Chase demonstrates the sustained interest of financial institutions and investors in supporting the physical infrastructure required for the development of advanced artificial intelligence software. The bank has previously provided a loan of $2.3 billion to the enterprise developing the Abilene data center for the first phase of the project funding. The latest $7 billion loan will supplement the funds needed for data center construction. After completion, the data center will become one of the largest centers in the world, consisting of eight buildings, each costing $1.4 billion. The data center can accommodate a total of 400000 Nvidia chips. （The Information）