JPMorgan to Lend More Than $7 Billion For OpenAI Data Center

Loan means giant data center project involving Oracle and Crusoe is fully funded.

Art by Clark Miller; Abilene image via Getty.

JPMorgan Chase has agreed to lend more than $7 billion to the firms building OpenAI’s giant artificial intelligence data center campus in Abilene, Tex., according to two people with direct knowledge of the deal.

The deal with JPMorgan, which has not been previously reported, reflects continued interest from lenders and investors in backing the physical infrastructure needed to develop advanced AI software.