Oracle-Blue Owl project delay cited as ripple in AI financing
According to Mint Technology, Oracle issued a force majeure notice delaying the Jupiter data center project in New Mexico, a Blue Owl STACK Infrastructure venture to support OpenAI, by about one year. The move has fed caution into AI infrastructure financing, with related discussions including SB Energy delaying its IPO for a campus serving OpenAI in Ohio. Blue Owl has about $3 billion of equity invested in the project, and returns for that investment are expected to rise after completion.
Key facts
- 01Oracle invoked force majeure due to delays securing power to the Jupiter site.
- 02Blue Owl has about $3 billion of equity invested in the project.
- 03SB Energy decided this week to delay its IPO for a campus serving OpenAI in Ohio.
- 04The program is delayed by a year and Stack Infrastructure is building Jupiter for OpenAI.
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