AIThe Next Webabout 2 hours ago
Oracle faces $7bn power guarantee for AI data centre
1 min read
Oracle must post a letter of credit exceeding $7 billion to secure power for its nearly one-gigawatt AI data centre in Port Washington, Wisconsin. The Public Service Commission of Wisconsin tightened rules in May, stripping the utility's waiver power. S&P cut Oracle's credit rating to BBB- from BBB, citing AI spending and weaker cash flow.
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