Oracle Says Michigan Data Center Deal Moving Ahead Without Blue Owl Financing

Oracle Corporation says talks for a major data center project in Michigan are moving forward without Blue Owl Capital, despite reports that discussions with Blue Owl had stalled. Oracle's heavy spending on large-scale data centers to support AI workloads has raised concerns about excess capacity, causing its stock to fall nearly 40% over the past three months. Oracle develops and sells enterprise software, cloud computing services, and database technology.