Oracle downplays concerns over $165B New Mexico AI data centre project
Oracle says it is not overly concerned about Project Jupiter, its $165 billion AI data centre in New Mexico, despite growing unease among investors and lenders. Cloud chief Mahesh Thiagarajan described the project as one of 30 to 40 developments the company typically has underway each quarter. The Stargate site, built for OpenAI, is still awaiting pending power approvals. Oracle has also issued a force majeure notice to Blue Owl, and an $18 billion loan tied to the project is reported to be under strain.
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