Oracle's $18 Billion AI Project Just Hit a Major Hurdle

This article first appeared on GuruFocus. Oracle (ORCL, Financials) is shining a light on the finance concerns underpinning the AI infrastructure boom after invoking force majeure over probable delays at a large New Mexico data center project.Project Jupiter, a STACK Infrastructure project being created by Blue Owl Capital to enable OpenAI, may be delayed by around one year due to challenges in procuring power, Reuters reported.The interesting thing is the scale of the setback. The 1,400-acre project has raised nearly $18 billion in loans, while Blue Owl has contributed about $3 billion of equity.The delay matters since Blue Owl's profits are partly linked to when construction concludes.