Chubby♨️(@kimmonismus):Oracle cut its workforce by 21,000, and now faces a $7 billion hurdle for an OpenAI data center. Oracle is building a nearly one-gigawatt campus in Wisconsin as part of its $300 billion cloud deal with OpenAI. But state regulators want Oracle to guarantee more than $7 billion of the power infrastructure built for the project. Oracle’s credit rating has fallen to BBB-, below the required level. A letter of credit could cost the company over $100 million every year. While Oracle continues to lose value, SpaceX is gaining importance as a hyperscaler.

2026.07.24 10:30

Oracle cut its workforce by 21,000, and now faces a $7 billion hurdle for an OpenAI data center. Oracle is building a nearly one-gigawatt campus in Wisconsin as part of its $300 billion cloud deal with OpenAI. But state regulators want Oracle to guarantee more than $7 billion of the power infrastructure built for the project. Oracle’s credit rating has fallen to BBB-, below the required level. A letter of credit could cost the company over $100 million every year. While Oracle continues to lose value, SpaceX is gaining importance as a hyperscaler.