Oracle faces major delays and financial risk in Stargate data center project for OpenAI
Updated
Updated · wheresyoured.at · Apr 24
Oracle faces major delays and financial risk in Stargate data center project for OpenAI
11 articles · Updated · wheresyoured.at · Apr 24
Only two of eight planned Abilene, Texas buildings are operational, with total project costs estimated at $340 billion and Oracle taking on over $100 billion in debt.
Most Stargate sites remain barely started, and the Abilene campus is unlikely to finish before Q2 2027, jeopardizing Oracle’s $300 billion compute deal with OpenAI.
OpenAI’s ability to pay is uncertain amid massive commitments to other cloud providers, while rapid GPU obsolescence and Oracle’s negative cashflow further threaten the project's viability and Oracle’s financial stability.
Will Oracle’s new data centers be obsolete before they are even paid for?
Why is OpenAI backing away from the colossal data center being built just for them?
Is 'creative financing' for AI data centers hiding a multi-billion dollar time bomb?
With 'Stargate' failing, who is truly funding the massive cost of America's AI future?
How did a promise of 100,000 tech jobs create a local housing crisis instead?