On December 13, media reported on Friday that due to labor and material shortages, Oracle (ORCL.N) will delay the construction of data centers related to OpenAI, pushing the timeline from 2027 to 2028. However, Oracle later denied the report. Oracle spokesperson Michael Egbert stated in a written email: “After the agreement was signed, we coordinated closely with OpenAI to determine the site locations and delivery schedules, and we reached a consensus. There have been no delays in any sites required to fulfill contractual commitments, and all milestones are on track.” He added, “We remain fully aligned with OpenAI and are confident in our ability to fulfill contractual commitments and future expansion plans.” Following the announcement, Oracle (ORCL.N) shares recovered some of their losses.
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Oracle responds: Will not delay the construction of data centers related to OpenAI
On December 13, media reported on Friday that due to labor and material shortages, Oracle (ORCL.N) will delay the construction of data centers related to OpenAI, pushing the timeline from 2027 to 2028. However, Oracle later denied the report. Oracle spokesperson Michael Egbert stated in a written email: “After the agreement was signed, we coordinated closely with OpenAI to determine the site locations and delivery schedules, and we reached a consensus. There have been no delays in any sites required to fulfill contractual commitments, and all milestones are on track.” He added, “We remain fully aligned with OpenAI and are confident in our ability to fulfill contractual commitments and future expansion plans.” Following the announcement, Oracle (ORCL.N) shares recovered some of their losses.