Oracle Calls Force Majeure Already?
Two years into a four-year plan to build a massive data center in New Mexico, Oracle is already claiming force majeure.
Oracle has announced that they are invoking Force Majeure provisions on a data center project in New Mexico, according to the latest reports from Motley Fool Hidden Gems Investing. In this episode, hosts Tyler Crowe, Lou Whiteman, and Jon Quast discuss the implications of this move. The project, known as the Jupiter project, is expected to become operational in 2028 and was developed by a subsidiary of private capital company Blue Owl.
It is worth noting that this project is backed by OpenAI and SoftBank, and it also aims to utilize fuel cells, a technology that has been a focus for Bloom Energy in the AI infrastructure space. The project has been in development for two years, with Oracle claiming that they are not responsible for any costs or expenses if the project's timeline gets delayed.
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