After denying delay in data centre project with OpenAI for months, Oracle goes ahead and scraps it as two companies cannot get … right

Oracle and OpenAI have abandoned plans to expand their flagship AI data centre in Abilene, Texas—a key site under the much-publicised Stargate initiative—after negotiations over financing and OpenAI’s shifting capacity demands dragged on for months without resolution, Bloomberg reported on Thursday.

The collapse comes after Oracle spent weeks publicly insisting that its relationship with OpenAI was rock-solid. In early February, the company posted on X that a stalled Nvidia-OpenAI investment deal had “zero impact” on its financial ties with Sam Altman’s company.