Oracle invokes force majeure on New Mexico AI data center amid backlash and delays

Oracle has issued a force majeure notice to defer payments related to its AI data center initiative, known as Project Jupiter, located in New Mexico. The move comes amid growing public opposition and regulatory obstacles surrounding the large-scale project. Despite the company's claims that development remains on schedule, construction setbacks could threaten its planned 2028 operational launch. The project's significant energy requirements are also raising financial concerns among institutional debt holders. News of the notice rattled investor confidence, contributing to a notable decline in Oracle's market capitalization.