$CoreWeave (CRWV.US)$ Oracle Delays Some OpenAI Data Centers...
$CoreWeave (CRWV.US)$ Oracle Delays Some OpenAI Data Centers to 2028
Oracle Corp. has delayed completion of some data centers it is building for OpenAI to 2028 from 2027, according to people familiar with the matter, citing labor and material shortages. The projects are part of a $300 billion contract signed this summer to provide computing power for OpenAI. Oracle and OpenAI declined to comment. Despite the delays, Oracle says timelines remain ambitious. “We have ambitious achievable goals for capacity delivery worldwide,” said Clay Magouyrk, Oracle Co-Chief Executive Officer, noting that the first OpenAI data center in Abilene, Texas, is on track with more than 96,000 Nvidia Corp. chips delivered. (mktnews.com)
Oracle Corp. has delayed completion of some data centers it is building for OpenAI to 2028 from 2027, according to people familiar with the matter, citing labor and material shortages. The projects are part of a $300 billion contract signed this summer to provide computing power for OpenAI. Oracle and OpenAI declined to comment. Despite the delays, Oracle says timelines remain ambitious. “We have ambitious achievable goals for capacity delivery worldwide,” said Clay Magouyrk, Oracle Co-Chief Executive Officer, noting that the first OpenAI data center in Abilene, Texas, is on track with more than 96,000 Nvidia Corp. chips delivered. (mktnews.com)
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Market Insights
Hot Topics Hot Topics
The Week Kicks Off: Bank Earnings, CPI Data, and Possible Action on Iran
This week brings a triple threat for markets: major bank earnings, crucial inflation data that could alter Fed policy, and rising geopolitic
In One Chart
Dec 1, 2025 13:36
December's Must-See Financial Events: FOMC Meeting, Jobs and Inflation Data, Santa Claus Rally, and More
Moomoo Insights
Dec 24, 2025 22:09
U.S. E-commerce vs. Traditional Retailers: Is a Battle Inevitable? A Comparison of Amazon and Walmart