JPMorgan Leads $5 Billion Debt Package for Volta's AI Data Centers
JPMorgan Chase & Co. is leading a $5 billion debt package to fund Volta Infra Holdings Ltd.'s buildout of AI data centers, according to Bloomberg.
The artificial intelligence cloud company secured $300 million in venture funding earlier this month, valuing it at $2.4 billion.
Volta aims to make it easier for top AI labs and smaller startups to pay for Nvidia Corp.'s cutting-edge chips.