As OpenAI’s losses mount, partners including Oracle, SoftBank, CoreWeave amass $100 billion in debt, and how this may only be the beginning
OpenAI’s data center partners are accumulating nearly $100 billion in borrowing linked to the loss-making artificial intelligence startup, with the financial burden falling on suppliers rather than the ChatGPT maker itself, according to Financial Times analysis.
SoftBank, Oracle, and CoreWeave have borrowed at least $30 billion to invest in OpenAI or construct its data centers, while investment group Blue Owl Capital and infrastructure companies like Crusoe rely on OpenAI customer contracts to service approximately $28 billion in loans. Banks are also negotiating another $38 billion loan for Oracle and Vantage Data Centers to fund additional OpenAI sites, the FT reported.
