Oracle invokes force majeure as power delays test its New Mexico AI campus
The roughly one-year delay pushes back returns on Blue Owl's reported $3B equity stake and gives lenders a live test of who bears infrastructure risk.
By RuntimeWire Staff · Published
Primary source: Reuters
Why it matters
Project Jupiter puts a concrete price on a growing AI infrastructure risk: a cloud tenant, a developer and its lenders can agree on the demand for computing, yet still disagree over who pays when power is late.
Oracle, the company co-founded by Larry Ellison, issued a force majeure notice on September 24th over Project Jupiter, a New Mexico data center campus intended to support OpenAI. A person familiar with the notice told Reuters that delays securing power are behind the move; another person familiar with the deal said the project is now expected to be delayed by about a year.…
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