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Oracle on the hook to pay data centre investors even if site has no electricity

158 points · 154 comments · Betelbuddy

  1. runeks · · focus · HN ↗
    > The tech group has issued a force majeure notice related to the power supply to the project developer, a unit of Blue Owl Capital, after the site ran into permitting delays after rising local opposition.

    Since when can failing to get a permit be considered force majeure?

    Doesn't majeure specifically denote something large scale and out of anyone's control, such as a hurricane?

    1. surgical_fire · · focus · HN ↗
      We have to account for the fact that Oracle is a law firm with a software branch attached to it.

      Investors who (rightfully) see this "force majeure" claim as bullshit will have to drag Oracle through court, and Oracle probably counts on this taking years to get settled.

      1. brookst · · focus · HN ↗
        And there’s a good chance of inappropriate protective action from the US government.
        1. cyanydeez · · focus · HN ↗
          Trumps blessing basically equivelent to stating AI is large scale fraud. Thats essentially what it means when he praises things: either he expects fraud or is congratulating.
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