Oracle, OpenAI and Michigan
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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.
An update on Oracle's data center plans was the latest development giving investors anxiety about the health of the AI trade on Wednesday.
Oracle and other firms are taking out loans to build data centers that they will rent to AI companies. Investors are starting to wonder if that bet will pay off.
3hon MSN
TikTok U.S. Joint Venture Deal Set to Close in January With Investors Including Oracle, Silver Lake
ByteDance and TikTok have signed "binding agreements" with three managing investors: Oracle Corporation, Silver Lake and Abu Dhabi-based MGX, to form a new TikTok U.S. joint venture named TikTok USDS Joint Venture LLC,