Oracle might have different backer for OpenAI data center
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Anita Ramaswamy, columnist at The Information, joins Marketplace’s Meghan McCarty Carino for this week’s Tech Bytes: Week in Review.
According to people familiar with the matter, the Michigan facility is being financed through a structure that is consistent with Oracle's prior data center deals, where roughly 80% of funding typically comes from debt and 20% from equity, with Oracle ...
Blue Owl Capital's decision to step away from financing an Oracle-backed (NYSE: ORCL) AI data center has become a fresh flashpoint for investors already on edge about the financial architecture behind the AI infrastructure boom.
Opponents of the project erupted with disapproval when Michigan Public Service Commission board members took the vote.
DELTA TOWNSHIP — Michigan regulators on Thursday signed off on 19-year power contracts for a mammoth artificial intelligence data center near Ann Arbor, a key step forward for the multibillion-dollar project that has become a political flashpoint.
DTE must commit the data center for ChatGPT creator OpenAI and tech firm Oracle in Saline Township won’t burden other customers’ utility bills, regulators said.
Oracle has confirmed a continued rise in data center deals, with the value of its lease commitments totalling $248 billion as of November 30, 2025. We recently reported the company planned to raise Capex to $50 billion this fiscal year, up from an earlier forecast of $35 billion.