SoftBank (Organization): news timeline & CVEs

Oracle sends force majeure notice on its New Mexico Stargate data center

Oracle issued a force majeure notice that could delay payments for its New Mexico Stargate data center.

Oracle sent a force majeure notice to the developer of Project Jupiter, a Stargate data-center campus in New Mexico, Bloomberg reported. The notice would let Oracle delay payments if the site misses its 2028 online target; sources said Oracle is not seeking to exit as the main tenant. The 2.45-gigawatt campus is designed around Bloom Energy gas fuel cells, and an Energy Transfer pipeline has been delayed nearly six months to February 1, 2027. Oracle said the project remains on schedule, and Blue Owl Capital said financial commitments are unchanged.

TechCrunch · AISep 24, 18:11 UTC · 2d agoAI industry 2 sources

SoftBank to borrow over $11 billion in risky bonds for OpenAI stake

SoftBank plans over $11 billion in junk bonds to fund its OpenAI stake and refinance short-term loans.

SoftBank plans to raise more than $11 billion through high-yield junk bonds to fund another payment for its OpenAI stake, the Financial Times reported, citing investor documents. The deal is sized at $10 billion plus 1 billion euros, with terms expected Thursday and the OpenAI payment due in October. SoftBank had already arranged short-term loans of up to $40 billion and wants longer-term debt, which could temporarily exceed its own debt ceiling. The FT also said OpenAI expects to burn nearly $280 billion in cash by the end of 2030, while SoftBank's data-center business relies on OpenAI contracts.

The DecoderSep 21, 14:35 UTC · 5d agoAI industry

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Oracle sends force majeure notice on its New Mexico Stargate data center

SoftBank to borrow over $11 billion in risky bonds for OpenAI stake