Oracle Delays Some Data Center Projects for OpenAI to 2028 [Yahoo! Finance Canada]
NVIDIA Corporation (NVDA)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Oracle has been working to deliver on a $300 billion contract to supply the computing power necessary to train and run OpenAI's models since it was inked this summer. Even with the delays, the timelines for the projects in the US remain ambitious for sites that are set to become some of the largest in the world. Our Big Take on Oracle's massive bet on AI: Oracle's $300 Billion AI Bet Has Fast Become a Bubble Barometer An Oracle spokesperson said in a statement that the company remained confident in its ability to meet its obligations and future expansion plans. “There have been no delays to any sites required to meet our contractual commitments, and all milestones remain on track,” the spokesperson said, also noting that “site selection and delivery timelines were established in close coordination with OpenAI.” OpenAI declined to comment. Oracle's shares were down about 3.4% at 1:46 p.m. in New York on Friday. “We have ambitious achievable goals for
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