A record-breaking $38 billion debt offering is set to launch next week to finance Oracle-related data centers, marking the largest AI infrastructure financing to date. JPMorgan Chase and Mitsubishi UFJ are leading the deal, which is split into two senior secured credit facilities. A $23.25 billion package will fund a data center in Texas, while a $14.75 billion facility will support a project in Wisconsin. This move highlights the growing investor interest in AI, as banks and private lenders compete to fund the sector's expansion. This financing follows Meta's recent selection of Pacific Investment Management Company and Blue Owl Capital to lead a $29 billion debt and equity transaction for its data center expansion in Louisiana, underscoring the significant capital influx into AI infrastructure projects.