Oracle Says Michigan Data Center Project Talks on Track without Blue Owl

Oracle might have different backer for OpenAI data center after major investor backs out

The “Stargate” data center for OpenAI planned on land in rural Saline Township has faced pushback locally and across Michigan.

Oracle says Michigan data center negotiations ’on schedule’, do not include OWL By Investing.com

Oracle says Michigan data center negotiations ’on schedule’, do not include OWL

Oracle Says Equity Deal on Michigan Data Center ‘On Schedule’

Oracle Corp. said final negotiations on an equity deal for a data center project in Michigan are “on schedule” and doesn’t include Blue Owl Capital, a firm that has helped finance massive data center projects for firms including Oracle and Meta Platforms Inc. in recent months.

Oracle says Michigan data center project talks on track without Blue Owl

Oracle said talks for an equity deal to support its Michigan data center project remain on schedule and do not include Blue Owl Capital, after a report of stalled negotiations with the crucial partner knocked its shares down 5% on Wednesday.

House Speaker Hall: ‘Major concerns’ about Jocelyn Benson overseeing data centers

Michigan House Speaker Matt Hall says he has “major concerns” about whether Jocelyn Benson would protect Michigan ratepayers from data centers proposed across the state if she’s elected governor. Hall did not directly mention Benson’s husband, Ryan Friedrichs, in comments made to reporters on Tuesday. Still, Friedrichs works for the parent company of Related Digital, which plans to build a 575-acre data center in Saline Township to serve Oracle …

‘Big Short’ investor Michael Burry piles misery onto tech stocks after Oracle fails to close AI debt deal

The S&P 500 closed down 1.16% yesterday, marking four straight losing sessions for the index, which is now off 2.6%% from the all-time high it hit on Dec. 11. The decline was led, as usual, by technology stocks. Oracle was down 5.4% and its AI data center rival CoreWeave lost more than 7%.Two things pummeled the tech sector:First, “Big Short” investor Michael Burry published a chart from Wells Fargo on X showing that stocks now composed a greate…