Blue Owl Capital

Oracle’s stock fell 6% after a report claimed financing talks for a $10 billion Michigan data center stalled due to concerns over Oracle’s debt and AI spending. Oracle refuted the report, stating the project is on schedule and a different equity partner was chosen. While Blue Owl Capital is not involved in this specific deal, they have previously backed Oracle’s data center projects. The company’s aggressive expansion and significant debt are key factors for investors as demand for AI infrastructure surges.

Meta Platforms and Blue Owl Capital have formed a $27 billion joint venture to finance Meta’s “Hyperion” data center project in Louisiana. Blue Owl holds an 80% stake, providing $7 billion in cash, while Meta retains 20% and manages construction. Hyperion, Meta’s largest data center, will support its growing AI initiatives. The Louisiana facility, slated for completion by 2030, could consume twice the electricity of New Orleans at peak demand. This deal mirrors a broader trend of tech giants investing heavily in AI infrastructure.