Donald Trump's $500 billion Stargate AI infrastructure project faces major setbacks in New Mexico as Oracle, the primary infrastructure company, invoked force majeure to shield itself from liability over a critical $18 billion data center's failure to secure development permits. The facility, part of Project Jupiter and intended to use experimental solid oxide fuel cells for power, has encountered significant local opposition and delays, with Oracle struggling financially throughout the year.
A New Mexico jury found Facebook liable for deceiving users about privacy protections related to the Cambridge Analytica data breach, which affected roughly 87 million profiles. The jury determined the company violated users' privacy over 2 million times, and a judge will now decide penalties that could reach $5,000 per violation. This marks a significant legal victory for New Mexico, which pursued the case independently after other states settled with Meta.
A New Mexico jury found Facebook liable for deceiving users about privacy protections in the Cambridge Analytica data breach case, which affected over 2 million state residents. The breach involved a third-party personality quiz that harvested data from approximately 87 million profiles and sold it to the political consulting firm Cambridge Analytica. The judge will determine damages, with prosecutors seeking the maximum $5,000 penalty per violation.
Oracle's cloud infrastructure revenue surged 121% YoY with $664B RPO, but a force majeure notice on its New Mexico data center project due to power delays triggered a 4% stock decline. Investors debate whether strong AI demand can offset mounting infrastructure costs and financing challenges in the data center buildout.
Oracle issued a force majeure notice for its New Mexico data center project (Project Jupiter) to protect against cost overruns, causing its stock to fall 5%. The project, part of the Stargate AI infrastructure initiative with Trump, faces delays and regulatory hurdles but Oracle says it remains on schedule for 2028 completion.
Oracle invoked a force majeure clause to limit financial exposure to Project Jupiter, a controversial New Mexico data center development facing regulatory hurdles and public opposition. The move caused Oracle stock to fall 6% on Thursday, while partner Blue Owl Capital's stock also declined. Project Jupiter, part of a major AI infrastructure initiative with OpenAI and SoftBank, is designed to handle 2.45 gigawatts of power but has encountered permit denials and backlash over power demands.
Oracle and OpenAI's Project Jupiter data center in New Mexico bypasses Native American tribal consultation requirements despite legal obligations dating back two centuries. The 1,400-acre facility raises concerns about water usage and environmental impact on downstream Pueblos, with companies using subsidiary arrangements to evade responsibility for community engagement.