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Utah Data Center Receives $2 Billion Construction Loan Amid AI Demand
Developers of a data center in Utah have obtained one of the largest construction loans seen in recent years, highlighting the strong demand for facilities that support artificial intelligence.
JPMorgan Chase and Starwood Property Trust have committed to providing $2 billion for the construction of a 100-acre data center campus located in West Jordan, Utah, near Salt Lake City.
Brief news summary
Developers of a data center in Utah have obtained one of the largest construction loans in recent times, highlighting the soaring demand for facilities that support artificial intelligence. JPMorgan Chase and Starwood Property Trust are providing a substantial loan of $2 billion for a 100-acre data center campus located in West Jordan, just outside Salt Lake City. This significant investment underscores the growing interest and necessity for infrastructure that enables advanced AI technologies, reflecting a robust market trend.
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