JPMorgan Chase: Seeking $5 billion in debt financing for Volta AI data center construction

According to Bloomberg, informed sources revealed that JPMorgan Chase has begun preliminary discussions with potential lenders to seek a $5 billion debt financing plan to support Volta Infra Holdings Ltd. in building artificial intelligence data centers.

Volta AI completed a $300 million venture capital financing earlier this month, with a valuation of $2.4 billion, aiming to help more tech companies access the costly resources of artificial intelligence chips.