Oracle, Blue Owl Project Delay Sends Ripples Through AI Financing
Oracle has sent a force majeure notice on Project Jupiter, the New Mexico data center campus Blue Owl’s Stack Infrastructure is building for OpenAI capacity, and the move has rattled AI financing. We explain the power delay behind it, who carries which risk across $3 billion of equity and $18 billion of loans, what Oracle’s filings show about its $664 billion backlog and $288 billion of unstarted leases, and what businesses buying AI capacity should check.
