“Oracle Calls Force Majeure Already?”
Oracle's financial foundation is weak, indicated by the force majeure clause on Project Jupiter and reliance on off-balance-sheet funding.
Oracle is being forced to move forward in the field of artificial intelligence. Today we will begin with the news that Oracle has declared force majeure on a new data center project in New Mexico.
In short, Oracle claims that it is not responsible for costs or expenses in the event of delays to this project, I believe it is called Project Jupiter. It is supposed to start operating in 2028.