Oracle triggers force majeure on data center
Oracle issued a force majeure notice for a New Mexico data center project over potential power delays. Shares fell 3.3 percent as the tech firm seeks to delay payments for the development.
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ORACLE CORP issued a force majeure notice to a BLUE OWL CAPITAL INC unit over power delays at its New Mexico data center, sending shares down 3.3% on Thursday afternoon. The dispute centers on Project Jupiter, a 1,400-acre campus designed to support artificial intelligence infrastructure.
