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A consortium of major banks is reportedly in advanced discussions to provide an additional $38 billion in financing to support new data center developments by Oracle and data-centre specialist Vantage, according to a report from the Financial Times. The funding would be used to accelerate the construction of large-scale infrastructure required to power OpenAI’s rapidly expanding artificial intelligence operations. Although the report cites sources familiar with the matter, Reuters has not yet independently verified the information.
The potential multi-billion-dollar investment highlights the intensifying race among global tech companies to secure the data-center capacity needed to train and deploy next-generation AI models. As OpenAI continues to roll out more advanced systems and tools, demand for high-performance computing, powerful cloud infrastructure, and energy-efficient data-center facilities has surged. Oracle, which has been deepening its cloud partnership with OpenAI, is positioned to scale its footprint significantly if the financing is finalized. Vantage Data Centers, known for delivering hyperscale facilities, would also play a central role in meeting the infrastructure demands tied to AI growth.
Industry analysts note that expanding data-center capacity has become critical as AI workloads grow more complex and resource-intensive. The potential $38 billion lending package—if confirmed—would rank among the largest financing deals ever linked to AI infrastructure development. It also underscores how financial institutions are increasingly viewing AI-related projects as long-term, high-value investments.
The talks come at a time when tech giants and cloud providers face mounting pressure to keep pace with AI-driven innovation while ensuring reliability, scalability, and global reach. While details are still emerging, the reported negotiations reflect the strategic importance of strengthening the infrastructure foundation behind OpenAI and its partners as demand for artificial intelligence accelerates worldwide.
