Oracle’s largest data center partner is leaving, according to source; Stocks fall

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Oracle’s largest data center partner is leaving, according to source; Stocks fall

By Reuters Videos
Publication Date: 2025-12-17 19:08:00

Reuters Videos

<span>STORY: Shares of Oracle fell as much as 6% Wednesday morning after a key financial partner said it would not help fund a major AI data center.</span><span>That’s according to a source who told Reuters that talks between Blue Owl Capital and Oracle had broken down. The company plans to build a $10 billion data center in Saline Township, Michigan.</span><span>This data center is intended to serve OpenAI.</span><span>Oracle entered the AI ​​competition when it signed a massive deal with OpenAI months ago to provide computing power to ChatGPT parent company.</span><span>But that deal proved costly for Oracle, as the company had to borrow heavily to expand its AI infrastructure. The rising debts are worrying investors.</span><span>Oracle also denied a media report last week that it was delaying OpenAI-related data centers due to labor and material shortages.</span><span>A key issue for Blue Owl, according to the source, is that it viewed the existing leases for the Michigan project as less favorable than those it…</span>

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