Bloomberg L.P.

Oracle and OpenAI Win Michigan Approval to Power New Data Center

Michigan regulators unanimously approved a request from utility DTE Energy Co. to power a massive data center development planned by Oracle and OpenAI, during a contentious hearing where some members ...
Bloomberg L.P.

November CPI Report Raises Doubts About US Inflation Data

After long-awaited government data showed underlying US inflation cooled to a four-year low in November, economists agreed on at least this much: something was off. In a report fouled by the ...
MLive

Oracle might have different backer for OpenAI data center after major investor backs out

SALINE TWP., MI — Reports have surfaced that funding for a controversial hyperscale data center project in a rural Michigan community near Ann Arbor is up in the air. But a Big Tech giant and its ...
AZFamily

Page residents push back on $10B data center proposal near Horseshoe Bend

PAGE, AZ (AZFamily) — People in Page are fighting back against the possibility of a $10 billion data center that could be built on the edge of their community. The land recently sold by the city also ...
Yahoo Finance

Oracle stock sinks as reported AI data center snag puts rising debt in focus

Oracle (ORCL) stock fell more than 5% Wednesday after the Financial Times reported that private lender Blue Owl Capital (OWL) will not back a $10 billion deal for its next data center as the software ...
Seeking Alpha

Oracle erases some losses as company denies report of data center delays

Oracle (ORCL) shares erased some losses on Friday after the company pushed back on a report that it was delaying some data centers tied to OpenAI (OPENAI). Oracle initially declined to comment on the ...
Yahoo Finance

Oracle denies report on OpenAI data center delays

Dec 12 (Reuters) - Oracle denied on Friday a media report that it was delaying OpenAI-related data centers, following investor worries over its debt-fueled AI infrastructure buildout. Bloomberg News ...
New York Post

Oracle stock plunges 12% on AI jitters — shrinking Larry Ellison’s net worth by $34B

Oracle’s stock fell more than 12% on Thursday on growing fears about the software giant’s massive AI spending — shaving more than $30 billion off co-founder Larry Ellison’s fortune. The Texas-based ...
The Financial Times

Oracle shares sink as worries swirl over huge spending on data centres

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Oracle stock slumped after it reported disappointing revenues on Wednesday alongside a $15bn increase in its ...
Wall Street Journal

Oracle Shares Tumble as AI Spending Outruns Returns

Oracle ORCL-1.76%decrease; red down pointing triangle is facing mounting anxiety from investors about how much it’s spending to build out data centers for the artificial-intelligence industry. The ...
MLive

DTE still expects approval for OpenAI, Oracle data center power despite delay

SALINE TWP., MI — DTE Energy officials still expect state regulators to approve special contracts for the utility to power what would be Michigan’s first hyperscale data center project in Saline ...