Oracle hits back at Stargate data center cancellation reports — claims 4.5GW Oracle-OpenAI agreement still on track

Oracle refutes claims of issues with its Stargate AI data center project in Texas, asserting that reports are inaccurate and confirming progress on the Oracle-OpenAI agreement for a 4.5GW data center. The company states that two buildings are operational, with the rest of the site advancing as planned. Recent media reports suggested a cancellation of expansion plans due to financing negotiations, but Oracle clarifies that the expansion near the Abilene campus is affected, not the main Stargate site. The agreement with OpenAI to develop significant data center capacity remains intact, with additional projects in the pipeline.