Delays? What delays? Oracle insists its $300B cloud contract with OpenAI is on track

Despite Wall Street jitters and reports to the contrary, Oracle insists its $300 billion datacenter deal with OpenAI is on track and proceeding on schedule.

Oracle denied a Bloomberg report that Big Red had delayed some of its datacenter projects until 2028 — a full year later than originally planned.

"Site selection and delivery timelines were established in close coordination with OpenAI following execution of the agreement and were jointly agreed. There have been no delays to any sites required to meet our contractual commitments, and all milestones remain on track," Oracle told El Reg and other outlets in a statement. "We remain fully aligned with OpenAI and confident in our ability to execute against both our contractual commitments and future expansion plans."

Oracle, which entered into the $300 billion cloud contract with OpenAI in September, is on the hook for roughly 4.5 gigawatts of compute capacity over the next ...