A bad day for Oracle stock caused a massive shift at the top of the billionaire rankings. Larry Ellison lost over $11 billion, allowing Amazon’s Jeff Bezos to reclaim the number three spot globally.
Oracle’s stock took a 4% hit following a Financial Times report that Blue Owl Capital had walked away from talks to back a $10 billion, 1-gigawatt data center project in Michigan. Oracle disputes the report, claiming the project is “on schedule” but with a different equity partner. The incident high
Fernando de Leon built a $10 billion firm by spotting distress, like before the 2008 crisis. He sold billions in property in 2021, sensing a market top. Now, he says the same dangerous signals are flashing in the red-hot data center sector.
OpenAI is negotiating a major investment from Amazon that could exceed $10 billion, according to a CNBC report. This comes after OpenAI restructured to gain more freedom to partner beyond Microsoft, its primary backer.
Owners of first-gen Pixel Watches and some Samsung Galaxy Watches are stuck with a non-functional weather app. Google support confirms the bug but can’t say when a fix is coming, suggesting users try third-party apps in the meantime.
Ciena is riding the AI infrastructure wave, reporting a 20% year-on-year revenue jump for Q4 2025. CEO Gary Smith credits surging demand for data center connectivity, with revenue from that segment tripling from 2024.
The world’s largest planned data center campus, a 20-million-square-foot site in Utah, is looking to nuclear energy. Developers have signed an agreement to evaluate adding at least 2 gigawatts of nuclear power to the complex’s multi-source grid.
Oracle’s fiscal Q2 cloud sales grew but fell short of Wall Street expectations. The bigger story is a massive ramp in capital spending to $12B for the quarter, with plans to hit $50B by 2026, spooking investors and sending shares down.
A proposed data center development in North Mankato, Minnesota, is officially dead. The real estate firm Oppidan Investment Company has withdrawn its plans, with local officials saying the company is “no longer interested.”
Microsoft is planning a major new cloud region in Denmark, set to launch in 2026. The “Denmark East” region involves a multi-billion dollar investment and will be powered entirely by carbon-free energy.
