AIHacker Newsabout 2 hours ago
Banks Offload AI Data Center Debt
5 min read
JPMorgan, Morgan Stanley, SMBC and MUFG are offloading AI data center debt due to internal lending limits. A group of banks spent six months trying to distribute $38 billion in construction debt tied to an Oracle project. Oracle's five-year credit default swaps climbed to 151 basis points, and the company targets over $40 billion in additional debt this fiscal year.
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