According to insiders, the completion date for part of Oracle's data center project for artificial intelligence model developer OpenAI has been delayed from 2027 to 2028. The main reason for the delay is related to current shortages of labor and construction materials. These sources wish to remain anonymous when discussing internal scheduling.

Despite the impact on the project schedule, these construction plans in the United States are still considered ambitious goals, expected to become one of the largest data center clusters in the world. Oracle is advancing a multi-year contract with OpenAI worth approximately $300 billion, aimed at providing the large-scale computing power needed for OpenAI to run and train its artificial intelligence models.

Due to the news of the project delay, Oracle's stock price once fell by 6.5%. As of 11:03 a.m. New York time on Friday, Oracle's stock price was $188.26, down about 5.3%. Oracle and OpenAI have both declined to comment on the project delay.

Clay Magouyrk, Oracle's co-CEO, stated during a recent earnings call that the company has set "ambitious but achievable" capacity delivery goals globally. He emphasized that the construction of the first data center in Abilene, Texas, is progressing smoothly, having already delivered over 96,000 NVIDIA chips, which will be used to support OpenAI's computing needs in the field of artificial intelligence.

Key points:

🌐 The completion date of Oracle's data center project with OpenAI has been delayed from 2027 to 2028.  

💰 Oracle's stock price fell by 6.5% due to the delay news.  

⚙️ The project is still underway, with a large number of NVIDIA chips delivered to OpenAI to meet computing demands.