An FT analysis found companies supplying data centers, chips and compute to OpenAI have taken on about $96 billion in debt to build capacity for generative‑AI workloads. The story details loans by SoftBank, Oracle, CoreWeave, Blue Owl and others and warns that debt‑financed buildouts create concentration risk for compute supply. For research universities that depend on commercial cloud partnerships and grant‑funded compute, the debt burden raises questions about supplier stability, pricing for compute grants, and long‑term access to high‑performance resources that support campus AI research.