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FILE PHOTO: Illustration shows OpenAI logo/ File photo
FILE PHOTO: Illustration shows OpenAI logo/ File photo
Home » News » Business & Economy » Banks in talks to lend $38 billion to fund sites for OpenAI, FT reports
Business & Economy

Banks in talks to lend $38 billion to fund sites for OpenAI, FT reports

by Reuters

(Reuters) -A group of banks is in talks to lend another $38 billion for Oracle and data centre builder Vantage to fund further sites for OpenAI, the Financial Times reported on Friday, citing people familiar with the matter. 

Reuters could not immediately verify the report. 

Video Thumbnail

(Reporting by Preetika Parashuraman in Bengaluru; Editing by Nivedita Bhattacharjee)

Image

Reuters
Information you can trust. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. (c) 2025 Thomson Reuters

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FILE PHOTO: Illustration shows OpenAI logo/ File photo
FILE PHOTO: Illustration shows OpenAI logo/ File photo
Home » News » Business & Economy » Banks in talks to lend $38 billion to fund sites for OpenAI, FT reports
Business & Economy

Banks in talks to lend $38 billion to fund sites for OpenAI, FT reports

by Reuters

(Reuters) -A group of banks is in talks to lend another $38 billion for Oracle and data centre builder Vantage to fund further sites for OpenAI, the Financial Times reported on Friday, citing people familiar with the matter. 

Reuters could not immediately verify the report. 

Video Thumbnail

(Reporting by Preetika Parashuraman in Bengaluru; Editing by Nivedita Bhattacharjee)

Image

Reuters
Information you can trust. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. (c) 2025 Thomson Reuters

Related posts

Banks in talks to lend $38 billion to fund sites for OpenAI, FT reports

Reuters

CME trading halted affecting FX, commodities and equities futures

Reuters

CME trading halted affecting FX, commodities and equities futures

Reuters

Swiss wealth tax proposal to test public appetite for redistribution

Reuters

Swiss wealth tax proposal to test public appetite for redistribution

Reuters

Huawei, ZTE seal 5G deals in Vietnam after US tariffs, as ties with China warm​

Reuters

China's factory activity set to shrink for eighth month – Reuters poll

Reuters

China's factory activity set to shrink for eighth month – Reuters poll

Reuters

Asian shares end tough November on firmer ground helped by Fed cut bets

The Record

Leave a Comment

Save my name, email, and website in this browser for the next time I comment.

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