Oracle Corporation is nearing a $38 billion loan package to build new data centers.
The financing supports Oracle's infrastructure partnership with OpenAI.
This deal marks one of the largest debt financings ever for artificial intelligence infrastructure.
JPMorgan Chase and Mitsubishi UFJ Financial Group lead the bank consortium arranging the funds.
Oracle will allocate the capital to major projects in Texas and Wisconsin.
The expansion aims to meet rising computational demands for OpenAI workloads.
These projects belong to the Stargate initiative, a global network of advanced AI infrastructure.