Thread

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

158 points · 154 comments · Betelbuddy

runeks · 1790331875 · 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. dgellow · 1790332712 · focus · HN ↗
  Oracle is in a pretty bad situation, it’s a desperate move. Their debt is rated just above junk since July. They are completely over leveraged. There is a reason the share price has been trending down so much
  1. athrowaway3z · 1790333505 · focus · HN ↗
    Its funny how before Oracle got in everybody was guessing who'd be swimming most naked when the tide goes out. CoreWeave obviously, but OpenAI likely as well depending on whom you'd ask.
    With the contracts that "One Rich Asshole Called Larry Ellison" jumped on its without a doubt Oracle going down second if not first.
    He's just gambling because he's old and feeling bold.
    dgellow · 1790334020 · focus · HN ↗
    I had that exact thought when SoftBank got involved :)
    It’s like if I see the EU announce a large investment in AI, always makes me nervous given how we are often late to the party
    bogzz · 1790348157 · focus · HN ↗
    SoftBank has the BEST decks.
    <a href="https://group.softbank/media/Project/sbg/sbg/pdf/ir/investors/shareholders/2026/shareholders-meeting_46_05_en.pdf" rel="nofollow">https://group.softbank/media/Project/sbg/sbg/pdf/ir/investor...
    The whole thing is amazing, but it gets even better on page 45.
    ungreased0675 · 1790350404 · focus · HN ↗
    It’s hard to believe that’s not a parody.
    dam_jackalopes · 1790350462 · focus · HN ↗
    lol. Thanks for this. GOOSE VALUE!
    chorizo · 1790352959 · focus · HN ↗
    Eggs do not lay eggs. The goose was not valued.
    throwawayqqq11 · 1790447141 · focus · HN ↗
    AI will help humans eggvolute!
    m4rkuskk · 1790354415 · focus · HN ↗
    Embarrassing to provide this AI slop to investors.
    merelydev · 1790356260 · focus · HN ↗
    How much to get your own domain like that?
    MandieD · 1790366066 · focus · HN ↗
    Custom top-level domain? About $200k to even apply, plus about $50k/year, if I recall correctly.
    fragmede · 1790367032 · focus · HN ↗
    Roughly $600k these days, after fees. Just need 59 friends to put in $10k, or 599 friends to each put in $1k!

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