Oracle invokes the "force majeure" clause to seek liability exemption for its New Mexico data center project.
37 minutes ago
Bloomberg, citing people familiar with the matter, reported that Oracle is issuing a "force majeure" notice to the developer of its large-scale data center project in New Mexico, a subsidiary of Blue Owl Capital. Oracle is not seeking to exit as the primary tenant; instead, it aims to delay related payment obligations if the data center, codenamed "Project Jupiter," is put on hold and fails to launch as scheduled in 2028, to avoid accumulating ongoing costs. This move adds new uncertainty to the project, which has already faced opposition and regulatory setbacks. According to BIT (bit.com) market data, Oracle (ORCL) saw a pre-market decline of over 5%.
Google, OpenAI, and Anthropic’s joint AI safety organization has taken initial shape.
5 minutes ago
AJ Scaramucci ends stealth operations, Solari Capital deploys $350 million to invest in 'programmable reality'
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ARK Invest partners with Securitize to tokenize its ARK Venture Fund and bring it on-chain.
5 minutes ago
Roundup of Stablecoin Demand Deposit Yields on Major Centralized Exchanges (CEXs): HTX Offers Up to 10% for Small-Tier USDT Deposits, Bitget Reaches 8.02%
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Solana Foundation appoints former Binance and Polygon executives to drive institutional adoption and payment services.
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ONDO Surges in Short-Term Trading, Breaks Through $0.47.
5 minutes ago
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