Oracle at center of tech’s $500 billion AI-fueled rent spree

Cloud-computing companies including Oracle Corp., Microsoft Corp. and Meta Platforms Inc. have committed to spend a combined ...

Oracle's AI Expansion Highlights Hidden Cost of Data Center Leases

As enthusiasm for AI matures, markets seem increasingly willing to distinguish between growth stories supported by budget ...

Oracle's AI data-center woes are dragging the entire stock market lower

An update on Oracle's data center plans was the latest development giving investors anxiety about the health of the AI trade ...
The Information

Oracle’s Data Centers For OpenAI Are Reportedly Delayed

Oracle has delayed the completion of some of the data centers it is developing for OpenAI to 2028 from 2027, according to a Bloomberg report. Oracle shares fell 5% Friday morning after already dipping ...
Finance & Commerce

OpenAI, Oracle named as users of $15B Wisconsin data center

PORT WASHINGTON, Wis. — The name and users have been announced for the billion-dollar data center campus planned in Port Washington. Denver-based Vantage Data Centers on Wednesday announced that ...
Modern Engineering Marvels on MSN

Oracle’s $10B AI data center plan jolted by financing jitters

Could the departure of one partner unsettle the footing of a $10 billion AI mega-project? The latest market downturn at Oracle implies that it can and has. The company’s shares slumped by nearly 5% ...
The Information

Oracle Says Its AI Cloud Customers Might Bring Their Own Server Chips

Oracle Chief Financial Officer Doug Kehring said Wednesday that the database and cloud firm was exploring unusual ways to lower its spending on data centers for artificial intelligence. Kehring said ...
Seeking Alpha

OpenAI, Oracle reveal first Stargate data center in Texas: report

Stargate, a massive $500B joint venture between Microsoft-backed (NASDAQ:MSFT) OpenAI, Oracle (NYSE:ORCL) and SoftBank Group (OTCPK:SFTBY)(OTCPK:SFTBF), revealed the inner workings of its first ...
DIGITIMES

Oracle warns of rising depreciation strains as AI data-center buildout accelerates

Oracle's rapid expansion of AI data centers is intensifying concerns over depreciation and capital needs, prompting the ...
mlive on MSN

At least 16 sites eyed for data centers in Michigan amid AI boom. Here’s where

Booming interest in artificial intelligence and new state tax breaks are driving a frenzy of data center development ...
mlive on MSN

Michigan’s largest AI data center can move ahead after DTE wins key approval

LANSING, MI - Michigan’s first “hyperscale” data center has a path to power. On Thursday, Dec. 18, state regulators cleared the way for a massive artificial intelligence server warehouse for ChatGPT ...
TechRepublic

Michigan Secures ‘The Largest Economic Project in History’ From OpenAI, Oracle

Michigan Secures ‘The Largest Economic Project in History’ From OpenAI, Oracle Your email has been sent OpenAI is planting its biggest flag yet in the US, teaming up with Oracle and Related Digital on ...