OpenAI’s data center partners are poised to accumulate nearly $100 billion in borrowing, as reported by the Financial Times. Major players like SoftBank, Oracle, and CoreWeave have collectively borrowed over $30 billion to invest in OpenAI or its data center infrastructure. Additionally, investment firm Blue Owl Capital and computing providers like Crusoe are depending on OpenAI’s contracts to support approximately $28 billion in loans. A consortium of banks is also negotiating a $38 billion deal for Oracle and Vantage to expand OpenAI’s facilities. Despite accruing substantial commitments, OpenAI has maintained minimal debt, holding a $4 billion credit line that remains unused. The company’s strategy focuses on leveraging its partners’ balance sheets to meet the surging global demand for computing power required to train its AI models. OpenAI projects rapid growth, anticipating 220 million paid subscribers for ChatGPT by 2030, with diversified revenue streams emerging from new product offerings.
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