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Oracle's $10 billion Michigan data center project hits a deadlock

2025-12-17 13:48:47

PANews December 17 News, according to the Financial Times of the UK, Oracle's largest data center partner Blue Owl Capital will not provide funding for Oracle's next $10 billion data center project, as the software giant faces growing concerns over debt and AI spending. Blue Owl has been negotiating with lenders and Oracle regarding an investment in a 1 GW data center located in Saline, Michigan, intended to serve OpenAI. However, according to three informed sources, the negotiations have stalled, and the deal will not proceed.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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