Oracle Corporation (ORCL) is reportedly in preliminary discussions with several banks for a substantial loan package totaling around $38 billion. This financing aims to expand data center sites for OpenAI, reflecting the surging capital demands in the AI infrastructure sector, according to a Financial Times report. While Reuters has yet to confirm these details, the potential funding will support projects in collaboration with Vantage Data Centers, highlighting ongoing bank interest in financing major AI buildouts despite increasing requirements. Earlier this year, Oracle completed a significant $18 billion bond sale and secured multibillion-dollar project loans for facilities in New Mexico, Texas, and Wisconsin. If finalized, this loan package would be one of the largest AI-related financings to date. Investors eagerly await Oracle’s earnings call on December 15, where insights on managing these funding needs and the company’s long-term AI strategy are expected to be discussed.
Source link
