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The story behind the story

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OpenAI's data center partners are set to rack up nearly $100B in debt; sources say banks may lend another $38B to Oracle and Vantage to build more OpenAI sites

Cloud companies and developers rely on lossmaking start-up to repay huge loans  —  OpenAI's data centre partners are on course …

Financial Times

Discussion

  • @robertscotthorton Scott Horton on bluesky
    Will Open AI take down its sponsors?  OpenAI's data centre partners will amass almost $100bn in borrowing tied to the lossmaking start-up, as the ChatGPT maker benefits from a debt-fuelled spending spree without taking on financial risks itself.  SoftBank, Oracle and CoreWeave ha…