Oracle responds: Construction of data centers related to OpenAI will not be delayed.

On December 13th (UTC 8), media outlets reported on Friday that Oracle (ORCL.N) might delay its data center construction project with artificial intelligence research firm OpenAI due to labor and critical material shortages.

This news initially attracted market attention and put short-term pressure on Oracle's stock price. Subsequently, Oracle spokesperson Michael Egbert issued a statement via email clarifying the report.

He emphasized that since the signing of the cooperation agreement, Oracle has maintained close collaboration with OpenAI, jointly determining the project site selection and delivery timeline, and reaching a consensus. Egbert stated clearly: "All sites required to fulfill contractual commitments are progressing as planned, with no delays, and all milestones are currently on track." He further added: "We are highly aligned with OpenAI and confident in our ability to fulfill contractual commitments and future expansion plans." This response effectively alleviated market concerns about the project's progress. Following the statement's release, Oracle's stock price rebounded, recovering some of the losses incurred due to media reports.

This incident also reflects the market's high sensitivity to the progress of collaborations and the realization of production capacity among relevant companies amidst increasingly fierce competition in AI infrastructure.

Currently, the collaboration between Oracle and OpenAI in the fields of cloud computing and computing power is attracting significant industry attention and is considered a key strategic move to drive the implementation of next-generation artificial intelligence applications.

Neither party has disclosed specific details of the project timeline, but this public statement further confirms that the project is still progressing according to the original plan.