Oracle Says Michigan Data Center Deal Moving Ahead Without Blue Owl

Core Viewpoint - Oracle Corporation is advancing its Michigan data center project without Blue Owl Capital, amidst concerns about the sustainability of AI investments and a significant decline in its stock price over recent months [2][3][4][5]. Group 1: Data Center Project - Oracle announced that discussions regarding an equity deal for a major data center project in Michigan are progressing as planned, excluding Blue Owl Capital from the financing [2]. - The development partner, Related Digital, chose a different equity partner from a competitive selection process, indicating that Blue Owl was not selected for this project [3]. Group 2: AI Investment Concerns - Oracle's substantial investments in large-scale data centers to support AI workloads have sparked debates about a potential bubble in AI investments, with investors expressing caution over possible excess capacity [4]. - The stock price of Oracle fell by as much as 3.7% on December 17, and it has decreased nearly 40% over the past three months, reflecting investor concerns despite previous gains from significant computing deals with clients like OpenAI [5]. Group 3: Company Overview - Oracle Corporation specializes in developing and selling enterprise software, cloud computing services, and database technology [5].