A $16B financing for a giant Oracle data center in Michigan has closed, with BofA selling $14B in bonds; Oracle plans to use the campus to power apps for OpenAI
A $16 billion financing for a giant Oracle Corp. data center in Michigan has wrapped after months of stop-and-start negotiations with investors.
Microsoft will lease Crusoe's 900 MW data center in Abilene, Texas, after Oracle and OpenAI reportedly withdrew, with the first building expected by mid-2027
Microsoft Corp. will occupy a data center project previously earmarked for Oracle Corp. and OpenAI, scooping up 900 megawatts …
Sources: Microsoft agrees to a deal with Crusoe to lease a data center in Abilene, Texas, representing ~700 MW of capacity, after Oracle and OpenAI walked away
Microsoft Corp. has agreed to rent a data center project in Texas that was originally being developed for Oracle Corp. and OpenAI …
Sources: Oracle and OpenAI abandoned plans to expand a Stargate Texas data center amid financing disputes; Meta considers leasing the planned expansion site
Oracle Corp. and OpenAI have scrapped plans to expand a flagship artificial intelligence data center in Texas after negotiations dragged …
Sources: Oracle and OpenAI abandoned plans to expand a Stargate Texas data center amid financing disputes; Meta considers leasing the planned expansion site
Oracle Corp. and OpenAI have scrapped plans to expand a flagship artificial intelligence data center in Texas after negotiations dragged …
Sources: Oracle is planning to cut thousands of jobs as soon as March, among its moves to handle a cash crunch from a massive AI data center expansion effort
Oracle Corp. is planning to ax thousands of jobs, among its moves to handle a cash crunch from a massive AI data center expansion effort.
Sources: Oracle is planning to cut thousands of jobs as soon as March, among its moves to handle a cash crunch from a massive AI data center expansion effort
Oracle Corp. is planning to ax thousands of jobs, among its moves to handle a cash crunch from a massive AI data center expansion effort.
Oracle is selling $25B of bonds to help finance its AI buildout, in what is set to be the biggest high-grade US offering since Meta's $30B bond sale last year
Oracle Corp. is selling $25 billion of investment-grade bonds on Monday to help finance infrastructure that powers artificial intelligence projects …
Oracle says it plans to raise $45B to $50B in 2026 to build additional cloud infrastructure capacity, including for AMD and OpenAI, via debt and equity sales
Oracle Corp. said Sunday it plans to raise $45 billion to $50 billion in 2026 to build additional capacity for its cloud infrastructure through …
Oracle says final equity deal negotiations for its Michigan data center project are “on schedule” and Related Digital, not Blue Owl Capital, will be its partner
Oracle Corp. said final negotiations on an equity deal for a data center project in Michigan are “on schedule” …