Oracle's $10 billion Michigan data center project in limbo

Blue Owl Capital, the largest data center partner of Oracle, will not provide funding support for Oracle's next $10 billion data center project, as the software giant is facing growing concerns about debt and artificial intelligence expenses. Blue Owl had been negotiating with Oracle and loan institutions about investing in a 1-gigawatt data center in Salem, Michigan, planned to serve OpenAI. However, according to three insiders, the agreement will not be able to move forward as the negotiations have reached a standstill.