Oracle is moving forward with a landmark $38 billion debt deal to finance two large-scale data centers in Texas and Wisconsin. The financing, reportedly the largest ever for AI infrastructure, is being arranged by a consortium of banks led by JPMorgan Chase and Mitsubishi UFJ Financial Group. The data centers are being developed by Vantage Data Centers and are a core component of Oracle's major "Stargate" initiative, a collaboration with OpenAI to significantly expand AI computing capacity. The new facilities will be utilized by Oracle to host OpenAI services, underscoring the company's aggressive investment to meet the surging demand for AI and cloud computing. This strategic move aims to bolster Oracle's infrastructure and solidify its position as a key player in the artificial intelligence landscape. The deal highlights the immense capital requirements for building out the next generation of AI data centers.