Mars Finance News: According to informed sources, JPMorgan Chase has agreed to provide over $7 billion in loans to the enterprise constructing the massive OpenAI data center campus in Abilene, Texas. This transaction with JPMorgan Chase demonstrates the continued interest of financial institutions and investors in supporting the physical infrastructure needed for advanced AI software development. The bank had previously provided $2.3 billion in loans to the enterprise developing the Abilene data center for the project's first phase. The latest $7 billion loan will complete the funding required for the data center construction. Upon completion, the data center will become one of the world's largest, comprising eight buildings, each costing $1.4 billion. The data center will be capable of housing 400,000 NVIDIA chips. (The Information)
JPMorgan Chase to lend OpenAI more than $7 billion for data center
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