Oracle declares force majeure on Project Jupiter data center for OpenAI over power problems
Prepared by Sintelligent with the help of SI. Publication time restored from the build log. . Updated: .
The bottleneck of the SI race is no longer chips but electricity: even multibillion-dollar projects run into pipes and permits.
Oracle sent a force majeure notice to the developer Blue Owl: a 1,400-acre campus in New Mexico financed by $18 billion in bank loans, part of Oracle's contract with OpenAI under Stargate. The main problem is the state authorities' refusal in July to extend a gas pipeline, plus disputes over water and emissions permits. Force majeure would let Oracle keep paying reduced rent for longer if the campus does not come online in 2028 as planned. Oracle shares fell 3.3%; the company says the project is on schedule.
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