JPMorgan Chase provides huge loan to OpenAI data center

JPMorgan Chase has reportedly agreed to provide a loan of more than $7 billion for the OpenAI artificial intelligence data center to be built in Abilene, Texas. The project, which involves Oracle and Crusoe, is now fully funded. The data center will consist of eight buildings, each costing $1.4 billion, and is expected to house 400,000 Nvidia chips.