Oracle

Recent news

• 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in South Korea and possible expansion to the US, Japan, and Singapore; the article also references other delayed or withdrawn listings including Firmus ($5 billion IPO), PLDT’s data center REIT IPO, and AirTrunk’s $1.5 billion Singapore REIT.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.
• Sep 25, 2026

  How Enterprises Are Building Robust Infra Backbone For AI At Scale

  Inc42 has published a report-style article summarizing a CTO Dialogues roundtable and fireside chat on enterprise AI infrastructure in India. The piece is commentary and event coverage rather than a first-time corporate announcement.

  • The discussion, hosted by Inc42 and Oracle, focused on “Building The Infrastructure Backbone For AI At Scale” and featured leaders from GyanDhan, HYPD, NimbusPost, DeHaat, Pidge, and Oracle India.
  • Speakers argued that scaling AI depends on engineering discipline, data governance, security, cost visibility, and trust more than GPU access alone; Oracle’s Nitin Kaushik said some customers are consuming trillions of tokens a day and that AI bills can approach or exceed perceived business value.
• Sep 22, 2026

  Evan Swarztrauber: The Hidden Supply-Chain Risk Inside America’s AI Data Centers

  This article is an opinion/commentary piece arguing that the FCC should add optical transceivers to its covered list as a national security measure.

  • The author says the FCC is reportedly considering a ban on new Chinese-produced optical transceivers, and argues the move would effectively block foreign-made transceivers from U.S. sale and import without an exemption.
  • It cites earlier incidents, including Iranian drone strikes on Amazon Web Services data centers in the United Arab Emirates and damage to a facility in Bahrain, and references U.S. manufacturing expansion by Applied Optoelectronics, Coherent, and Lumentum; it also mentions a $5 billion rip-and-replace program for telecom equipment.
• Sep 21, 2026

  Datacentres: are we frogs in a digital pot?

  East Anglia Bylines has published an opinion article arguing that AI is worsening datacentre energy and resource use, while the broader growth of cloud computing predates AI.

  • The piece explains that cloud services run on datacentre hardware, and says repatriating systems is costly; one project reportedly saved over 60% by bringing systems back in house, but it took three years.
  • It cites AWS as generating well over half of Amazon’s operating income in 2024, notes AWS’s 28% share of the worldwide cloud infrastructure market, and says server prices are up by a third or more year-on-year as AI demand lifts costs.
• Sep 17, 2026

  The amount of e-waste caused by AI is underestimated: we can’t only include the servers

  Basel Action Network has published a report arguing that AI data center equipment replacement is generating far more e-waste than enterprise calculations typically capture.

  • BAN says prior AI e-waste estimates focused mainly on servers and accelerators, which it says are only 13% of a data center’s electromechanical infrastructure; it estimates about 70,000 metric tonnes per GW across five equipment categories including networking, power distribution, storage/backup, and cooling.
  • The report projects 196–211 million metric tonnes of global e-waste per year by 2050, with 31Mt–46Mt attributed to AI waste alone; analysts quoted in the article say some assumptions, especially the 2.5-year accelerator retirement cycle and long-term growth forecasts, may be overstated.
• Sep 17, 2026

  Where’s the environment in Michigan election? ‘The vocabulary and framing has changed’

  Planet Detroit is reporting on how Michigan candidates are framing environmental issues in the 2026 election, with data centers, energy affordability, and clean energy law at the center of the debate.

  • Democrats Jocelyn Benson and Will Lawrence are linking clean energy, corporate accountability, and data center regulation to jobs, local control, and utility costs; Lawrence released a Michigan First AI Plan calling for a pause on data center and advanced AI development and a national AI Compact.
  • Republicans John James and Jim Runestad are arguing that Michigan’s clean energy policies raise prices; James says he would repeal Michigan’s clean energy law, while the article notes a Michigan Public Service Commission meeting on Oct. 1, 2026 and the Nov. 3 election as key upcoming decision points.
• Sep 5, 2026

  Global bond sell-off exposes the cost of high debt

  Policy Circle has published an analysis of how rising oil prices, inflation, and heavy borrowing are driving a global government bond sell-off.

  • The article argues that Brent crude above $95 and renewed US-Iran fighting are lifting inflation expectations, pushing US, Japanese, British, and German yields higher, and forcing markets to price in further central bank tightening.
  • It also highlights larger structural pressures: higher sovereign debt, rising defence and pension costs, and competition from technology firms issuing debt for AI/data centres, including about $220 billion from five large tech companies this year.
  • For India, the piece says near 89% crude import dependence makes the economy vulnerable to oil shocks, while the 2036 bond yield was around 6.95% and the RBI’s buffers can only soften volatility, not eliminate imported-energy costs.
• Sep 1, 2026

  Oracle To Lay Off Another 3,000 Employees In India: Report

  Oracle reportedly plans another round of layoffs in India. - Times of India reported that Oracle plans to cut nearly 3,000 jobs in India, with layoffs potentially starting September 1; Moneycontrol said the cuts could begin mid-September.

  • The report says this could eliminate up to 10% of Oracle’s 30,000-strong India workforce; Oracle has also previously downsized its India staff by nearly 12,000 in March citing AI-led automation.
  • The article adds that Oracle spent $55.7 Bn on capex in FY26, up from $21.2 Bn in FY25, to build data centres and server capacity for AI clients such as OpenAI and NVIDIA.