Oracle's 'force majeure' notice raises questions about the company's ability to deliver on AI data centers
Source: Business Insider ·
Oracle shares were down about 4% on Thursday amid investor questions about its ability to deliver on its massive AI infrastructure expansion.
From the source
Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty ImagesOracle reportedly sent a force majeure notice to Blue Owl Capital related to Project Jupiter.Jupiter is Oracle's flagship AI data center project to add much-needed capacity.The notice raised investor questions about Oracle's ability to deliver on its AI expansion.Oracle's move to protect itself against a potential delay for its flagship AI data center project has Wall Street questioning whether the company can deliver the capacity needed to support its AI business.Bloomberg reported Thursday that Oracle sent a force majeure notice to Blue Owl Capital related to Project Jupiter, a planned AI data center in New Mexico. Such notices can allow companies to suspend some contractual obligations when events outside their control disrupt a project. Oracle said the project remains on schedule.A Blue Owl spokesperson confirmed Oracle's notice in a statement."Blue Owl, STACK Infrastructure and Oracle remain fully aligned on…