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Oracle sends force majeure notice on its New Mexico Stargate data center: Bloomberg
Oracle is seeking contractual protection as Project Jupiter faces delays and power-supply risks, with the campus tied to $165 billion in investment and 2.45 gigawatts of demand.
- Oracle is sending a 'force majeure' notice to Blue Owl regarding a data center project in New Mexico to avoid potential cost increases, as reported by Bloomberg News.
- The notice allows Oracle to delay payments if Project Jupiter is delayed beyond 2028, instead of exiting as the main tenant.
- Force majeure is often used by companies to escape contractual obligations during uncontrollable issues.
- Blue Owl stated that the notice does not affect the financial commitments to the project.
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Oracle’s Force Majeure Reveals the AI Bubble’s First Real Crack
The AI Bubble is Beginning to Crack The AI data center buildout is the largest speculative bubble in human history, and now we have the first visible crack in the facade. Oracle has invoked force majeure on Project Jupiter, its $18 billion Stargate data center campus in New Mexico, and the financial press is finally […]
Oracle’s Force Majeure Notice Exposes a Bigger Problem for the AI Build-Out
Oracle's force majeure notice on its Project Jupiter AI data center, tied to a natural gas pipeline delay, raises risk questions for Oracle, Bloom Energy, and Energy Transfer, though analysts remain bullish.
·Sioux Falls, United States
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What is a data center without power? Tech company Oracle has invested 300 million dollars in Project Jupiter, a computing factory for OpenAI in New Mexico…
·Amsterdam, Netherlands (Kingdom of the)
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Leaning Left10Leaning Right9Center20Last UpdatedBias Distribution51% Center
Bias Distribution
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51% Center
L 26%
C 51%
R 23%
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