JPMorgan and Goldman Sachs Scale Back Volta Infrastructure Loan Commitment Amid AI Debt Risk Concerns

JPMorgan and Goldman Sachs have significantly reduced their underwriting commitment on a $5 billion debt package for AI infrastructure startup Volta, exposing rising skepticism in the market about the sustainability of AI-backed financing. The two banks are now underwriting only $1.3 billion of the total package—leaving the remaining $3.7 billion ununderwritten—a sharp retreat from full-portfolio backing that reflects deteriorating investor appetite for risky AI-sector debt.