Oracle

Recent news

• Nov 10, 2026

  Oracle cancels $7 billion Tencent AI chip deal

  Oracle reportedly cancelled a five-year AI computing lease agreement with Tencent after U.S. government concerns over export restrictions. This is a reported cancellation, not a first-time company announcement.

  • The reported deal was valued at $7 billion and would have given Tencent access to about 100,000 Nvidia AI chips in data centers across Southeast Asia.
  • U.S. officials reportedly contacted Oracle about the arrangement; Guangdong province officials reportedly urged Tencent to prioritize domestic Chinese chips. Oracle, Tencent, and the White House did not immediately comment.
• Nov 9, 2026

  Google Adds TPU 8tx, 8i Max for Enterprise AI

  Google Cloud has announced two new TPU chips, TPU 8tx and TPU 8i Max, to improve secure inference and higher-capacity AI inference for enterprise workloads.

  • TPU 8tx is built on the same silicon as TPU 8t and adds hardware-level encryption for secure inference and small-scale training; it is paired with custom AMD CPU hosts to protect and isolate sensitive data and model weights.
  • TPU 8i Max combines two TPU 8i chips into one package, doubling compute, SRAM, and HBM bandwidth versus TPU 8i and delivering 384 GB of high-bandwidth memory; Google Cloud said it also allows more silicon within an existing rack footprint, and select customers can deploy TPU 8tx in their own data centers.
• Nov 6, 2026

  DTE to sell non-utility business to fund grid upgrades, data center growth

  DTE Energy has announced it will sell its non-utility DTE Vantage business to help fund utility infrastructure investments and support grid upgrades and new generation buildout.

  • The sale is expected to close in the first half of 2027 and raise $3 billion, while excluding EES Coke Battery on Zug Island from the transaction.
  • DTE also said it plans to invest $44 billion over five years, including 7.6 GW of new wind and solar, 2.1 GW of natural gas, and 2.7 GW of storage; the company said data center contracts could help delay future rate cases, while Michigan Attorney General Dana Nessel is challenging approval of Google-related data center contracts.
• Nov 6, 2026

  US midterm verdict: Oil prices to AI trade, 5 things that matter for India after Democrats’ sweep

  Emkay Global Financial Services has issued an analysis on how the US election outcome could affect India, covering crude oil, US fiscal policy, AI spending, tariffs, and the rupee.

  • The note says the Democratic sweep in Congress could make it easier to override presidential vetoes, potentially encouraging a negotiated resolution with Iran and easing crude pressure; it also cites Brent falling to around $95 per barrel after a 19% drop from October 2026 highs.
  • It adds that US fiscal deficits are likely to remain elevated, keeping Treasury yields and Indian bond yields under pressure; on AI, it argues the midterms are a sentiment shock rather than a capex shock, with hyperscaler debt issuance rising to ₹19,400 crore in 2026-to-date from ₹10,900 crore in 2025.
• Nov 5, 2026

  What Michigan election results mean for data centers, DTE, clean energy

  Michigan Democrats have won control of the governor’s office, state House, and state Senate, while voter-approved Proposal 2 banned political contributions from utilities and major state contractors and Ann Arbor’s public power measure failed.

  • Democrats’ trifecta could help protect Michigan’s 2023 clean energy law and advance environmental protections; Abdul El-Sayed won the open U.S. Senate seat and Eli Savit won the attorney general race.
  • Proposal 2 passed with 81% support; the constitutional convention measure failed 74% to 26%. The article also notes a Nov. 5, 2026 MPSC commission meeting at 1:00 PM in Lansing with a virtual option.
  • The piece is an election-night analysis/commentary article, not a new policy filing; it references prior positions on data centers, utility rates, and the DTE Energy / Oracle / OpenAI and Google data center matters.
• Nov 3, 2026

  Data Centers Are on the Ballot. Here Are the Races and Groups to Watch

  Broadband Breakfast reports that data center ballot fights and related election campaigns are becoming a major political issue in Ohio and other U.S. states.

  • Sunbury, Ohio voters are deciding whether to block a proposed $2 billion Amazon campus after city leaders offered substantial tax breaks and residents raised concerns about electricity, water, noise, and rural character.
  • The article says at least 41 local measures related to data centers are on the Tuesday general election ballot, with Ohio accounting for 21 of them across 18 jurisdictions; it also cites campaign spending of about $173 million, including $95 million concentrated in Ohio, Michigan, Wisconsin, and Pennsylvania.
• Oct 27, 2026

  FluidCloud replaces VDDK with its own disk copy engine for VMware exits

  FluidCloud has announced the launch of vHOP (VM Hopping Engine), a service designed to help organizations migrate workloads away from VMware without using Broadcom’s VDDK library.

  • vHOP bypasses VDDK by using FluidCloud’s own cloning engine, and it also maps VMware environments, translates NSX firewall policy, and generates Terraform before workload data moves.
  • The service is available now in the FluidCloud platform and through AWS Marketplace; it supports AWS, Microsoft Azure, Google Cloud, OCI, and Nutanix. FluidCloud said its self-service planning returns results in minutes, while an engineer-led version takes three days.
• Oct 20, 2026

  Another Data Center IPO Fizzles as Investor Appetite Wanes

  Elice has completed its IPO and reported a weak first-day trading performance, while the article also cites broader investor caution across AI/data-center listings.

  • Elice raised 201 billion Korean won (US$150 million) in its debut and fell 32% on its first day of trading before closing slightly higher.
  • The company said IPO proceeds will fund data centers in South Korea and possible expansion to the US, Japan, and Singapore; the article also references other delayed or withdrawn listings including Firmus ($5 billion IPO), PLDT’s data center REIT IPO, and AirTrunk’s $1.5 billion Singapore REIT.
• Oct 15, 2026

  Google data center secures Van Buren Township approval, with startup expected in late 2027

  Van Buren Township has approved the final site plan for Google’s proposed 1-gigawatt hyperscale data center near Detroit Metro Airport, clearing the way for construction of Michigan’s second hyperscale facility.

  • The Planning Commission voted 5-1 after nearly an hour of public comment; Google says Project Cannoli should begin drawing power by late 2027 / December 2027 and ramp to 1 GW within a year.
  • Google secured electricity through a 20-year contract with DTE Energy; regulators approved special contracts on Oct. 1, and environmental regulators approved wetland permits in August.
  • The contract commits Google to fund 480 MW of energy storage, 1.6 GW of renewable energy, and 300 MW of other power capacity; it also requires payment for at least 80% of claimed power and includes penalties for early termination.
  • Local incentives include an estimated $125 million in tax relief over 12 years and a separate $15.4 million payment to the township for infrastructure projects, in exchange for at least 51 full-time jobs.
• Oct 9, 2026

  Oracle reportedly lands $7B GPU deal for Tencent

  Oracle and Tencent are reported to have signed a five-year AI cloud computing agreement. - Oracle would provide Tencent access to roughly 100,000 advanced AI accelerators in Oracle data centers across Southeast Asia; the reported contract value is $7 billion and Tencent would pay about 30% upfront. - The report says neither company has publicly confirmed the deal or named the processors, while U.S. export-control concerns are highlighted because remote access to chips in third countries may create a policy loophole.

• Oct 6, 2026

  AI Power Spikes Demand Chip-to-Grid Design Changes

  The article is a conference report and technical commentary about how AI data centers affect grid stability, with examples from Nvidia, Oracle, and Mitsubishi Electric Power Products. It does not announce a single new project, but summarizes panel remarks at Data Center World Power in Dallas.

  • Nvidia said rack power density has risen from 5-10 kW per rack a few years ago to 40 kW in the H100 era, about 150 kW with Blackwell, and around 240 kW for Vera Rubin; the company said it is projecting up to 1 MW per rack in the future.
  • Oracle Cloud described its Stargate AI data center complex in Abilene, Texas, as 60% to 70% operational with campuses planned at gigawatt scale; panelists also discussed the need for rack-level storage, ride-through, capacitors, batteries, UPS, and fast-responding generation to manage rapid load swings and subsynchronous oscillations.
• Sep 30, 2026

  POWER Honors Bloom Energy’s KR Sridhar with 2026 Executive Leadership Award

  POWER’s article announces that KR Sridhar, founder, chairman and CEO of Bloom Energy, received POWER’s 2026 Executive Leadership Award for advancing distributed, on-site power for data centers and AI demand.

  • Bloom Energy’s history and commercial milestones are summarized, including its 2001 founding, 2006 first field trial, 2008 commercial launch, 2018 NYSE listing, and later manufacturing expansion in Fremont, California.
  • The piece highlights major customer and financing relationships: Bloom’s arrangement with Equinix surpassed 100 MW in February 2025 across 19 data centers in six states; Oracle expanded its Bloom relationship in April 2026 to as much as 2.8 GW with an initial 1.2-GW deployment; Brookfield Asset Management committed $5 billion in October 2025 and raised that commitment to $25 billion in June 2026.
• Sep 29, 2026

  How data centers factor into DTE’s 20-year power plan

  DTE Energy’s long-range power plan is under review by Michigan regulators and includes two new natural gas plants, major renewable and storage additions, and capacity growth through 2046.

  • Main action: DTE proposes 700 MW gas plant in Milan Township and 1,400 MW plant in Handy Township, with costs of $2.5 billion and $3.9 billion respectively.
  • Background/details: The plan would grow capacity from 16 GW to 33 GW by 2046; DTE says the Monroe coal plant retirement drives the need, while critics say the new gas is mainly to serve Oracle/OpenAI and Google data center load.
  • The utility also proposes 15 GW renewables, 4.5 GW storage, 177 MW additional nuclear at Fermi 2 starting 2036, and 2.1 GW of natural gas generation; the Michigan Public Service Commission has 300 days for initial review.
• Sep 25, 2026

  El-Sayed, Rogers face voter opposition to data centers in crucial Senate race

  Planet Detroit reports on the Michigan U.S. Senate race and its overlap with data center policy, campaign finances, and voter sentiment. The article references past and current positions and financial disclosures rather than announcing a new project.

  • Mike Rogers said in August that he supports a one-year moratorium on new data centers; Abdul El-Sayed released “terms of engagement” in January and supports state and local moratoriums.
  • The story cites an August EPIC-MRA poll showing 62% of likely Michigan voters oppose data center development and notes Rogers’ disclosure of $100,001 to $250,000 in Blackstone Real Estate Income Trust, which has 29% of its portfolio invested in data centers.
  • It also mentions the $16-billion Oracle and OpenAI data center under construction in Saline Township, the $1.25-billion University of Michigan computing facility in Ypsilanti Township, and a draft wastewater permit for Related Digital with public comments open through Oct. 23, 2026.