Oracle's $10B Data Center Deal Collapses as Partner Blue Owl Backs Out
Blue Owl Capital withdraws from Oracle's $10B Michigan data center project amid concerns over rising debt and AI spending. Blackstone in talks to replace funding partner.
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OpenAI and Amazon in Talks for $10 Billion AI Chip Deal
OpenAI is negotiating a $10 billion investment from Amazon to adopt Trainium chips, potentially valuing the AI company above $500 billion in a deal reshaping the AI hardware landscape.
Oracle Delays OpenAI Data Centers to 2028 Amid Shortages
Oracle pushes back completion of massive OpenAI data centers by one year to 2028, citing labor and material shortages in $300B cloud computing deal.
Oracle Shares Plunge as AI Data Center Spending Outpaces Cloud Revenue Growth
Oracle stock drops 11% after missing revenue targets despite massive AI investments. Cloud sales lag expectations while capital spending jumps to $50B, raising investor concerns about AI profitability timeline.
Oracle's AI Debt Concerns Spread Across Tech Giants as Insurance Costs Surge
Amid concerns about AI data center spending, credit default swap prices for Oracle debt have spiked dramatically. Now, worries are spreading to Microsoft and Amazon as markets reassess hyperscaler risks.
Saudi Arabia and Microsoft Make Major AI Moves Amid Market Caution
Saudi Arabia's Humain announces multi-gigawatt data center deals with US tech giants, while Microsoft invests $5B in Anthropic. Analysts warn on hyperscaler economics.