Partners accumulate hundreds of billions of dollars in debt to fund OpenAI data center development

Jinse Finance reported that OpenAI's data center partners are accumulating nearly $100 billion in loans related to this loss-making startup, while OpenAI itself benefits from this debt-driven spending spree without bearing financial risk. According to analysis by the Financial Times, companies such as SoftBank, Oracle (ORCL.N), and CoreWeave have borrowed at least $30 billion to invest in this startup or help build its data centers. Investment groups like Blue Owl Capital and computing infrastructure companies such as Crusoe also rely on deals with OpenAI to repay about $28 billion in loans. According to sources, a group of banks is negotiating to provide another $38 billion in loans to Oracle and data center builder Vantage to construct more sites for OpenAI. The deal is expected to be finalized in the coming weeks. (Golden Ten Data)