OpenAI Partners Amass $100B Debt for AI Infrastructure Expansion
OpenAI's data center partners are leveraging massive debt financing to build the infrastructure required for next-generation AI models. SoftBank, Oracle, and CoreWeave have already committed $30 billion, with another $38 billion in loans being finalized through Oracle and Vantage Data Centers.
Oracle leads the charge with $18 billion in corporate bonds issued, while analysts project total debt could reach $100 billion within four years to meet OpenAI's growing demands. The financing structures involve complex special purpose vehicles (SPVs) to mitigate risk—a testament to both the scale of ambition and underlying caution in this AI arms race.