According to the Financial Times (and confirmed by Reuters) on November 28, 2025, a consortium of banks is in talks to provide a loan of approximately $38 billion. The funds are intended not directly for OpenAI, but for its partners—Oracle and data center operator Vantage—to finance the construction of new sites needed to support OpenAIs computing capacity. This deal, if completed, would be one of the largest infrastructure debt commitments in tech history, highlighting the colossal cost of deploying next-generation AI.
FT: Banks Negotiate $38 Billion Loan to Fund OpenAI Infrastructure Sites
