JPMorgan Chase (JPM) has agreed to lend more than $7B to the firms building Microsoft (MSFT)-backed OpenAI’s giant artificial intelligence data center campus in Abilene, Tex., according to two people with direct knowledge of the deal, The Information’s Anissa Gardizy reports. The deal with JPMorgan reflects continued interest from lenders and investors in backing the physical infrastructure needed to develop advanced AI software, the author says. The campus is part of Stargate effort involving Oracle (ORCL), OpenAI and Softbank (SFTBY).
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