A consortium of banks is reportedly negotiating to provide $38 billion in funding to Oracle and Vantage, a data center developer, to expand infrastructure for OpenAI. This funding aim is to support the growing needs of artificial intelligence and cloud computing. The Financial Times initially reported on the discussions, highlighting the increasing demand for AI-related resources. However, Reuters has yet to verify these claims. This potential investment underscores the trend towards major financial backing for AI technologies, as companies like Oracle and Vantage seek to enhance capabilities and infrastructure. The advancement of AI is seen as critical for the future of technology, leading to increased banking support in the sector. For more updates on AI investments, funding trends, and technology infrastructure, stay tuned for further developments.
Source link
