Technology
Oracle force majeure notice chills AI data center finance
Livemint··1d ago
Oracle issued a force majeure notice on Blue Owl's Jupiter data center campus in New Mexico. The campus supports OpenAI, and a person familiar with the notice said the program is delayed by a year. Blue Owl said the notice did not alter parties' commitment. Moody's projects AI capital spending by six US tech firms could reach $1 trillion.
Prism
What It Means For You
- Bond investors in data center deals may demand clearer delay cost sharing after the Oracle notice.
- Developers bidding on OpenAI campuses could face tighter lender scrutiny on force majeure terms.
- SB Energy delayed its IPO this week as financing talks absorbed ripple effects from Jupiter.
What's Happening
- Oracle sent force majeure notice on the Blue Owl Jupiter campus in New Mexico.
- The project supports OpenAI workloads.
- A person familiar with the notice said the program is delayed by a year.
Why lenders watch force majeure clauses
- Blue Owl has about $3 billion of equity in the program.
- Moody's projects $1 trillion AI capex from six big US tech firms in 2027.
- Lawyers say force majeure clauses are becoming more common in data center contracts.
all-news
