Oracle sued by bondholders over growing debt for AI buildout
Bondholders claim Oracle concealed how much debt it would need during bond sale
Bondholders claim Oracle concealed how much debt it would need during bond sale
The staggering sum is required to keep pace with AI-driven capacity growth
Oracle maintains that negotiations are "on schedule" for project, Blackstone could pick up the bill
Previous reports suggested data center completion dates had been pushed back a year
Company starts work on Stargate site
Shares dip on the news
Unlikely to help the data center's case
Residents call for greater scrutiny of the facility's utility agreement
Part of second phase of development
Company also partners with Oracle for local cloud
Deal struck with OpenAI and Oracle
Landowners invited to throw their hats in the ring
Will be split between data centers in Texas and Wisconsin
Lighthouse joins four other planned Stargates, alongside Abilene flagship
Analysts split on whether the drop in AI profits is cause for concern
Was the director of global strategy, data center engineering
Company secures more funds for Abilene site hosting OpenAI
Analyst predicts Big Red will need a loan of $25bn per year to support the partnership
Trump backers headline list of expected acquirers
Big Red goes into the red, bigly
At full build-out would give the project 7GW of capacity
Deal appears to finally be close
Company sees strong growth despite missing Wall Street expectations
Data centers in Wisconsin and Texas set to get funding