Oracle shares took a hit Thursday as the tech giant issued a “force majeure” notice for a major data center project.

The move is an effort by Oracle to protect itself from having to make payments if its New Mexico project dubbed “Project Jupiter” were to fail, though force majeure is usually used when companies face extreme circumstances beyond their control, like natural disasters.

But even as the tech firm’s stock plunged 3.5%, Oracle vice president Michael Egbert said in a statement to Forbes that the project remains on schedule.

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Elon Musk believes SpaceX may soon match and eventually exceed the advanced frontier AI models developed by OpenAI and Anthropic, though the billionaire has a history of making predictions that haven’t panned out.

Several top tech and AI billionaires attended the state dinner at the White House hosted by President Donald Trump for Chinese President Xi Jinping, including Musk, Nvidia CEO Jensen Huang and Apple’s executive chairman Tim Cook.

A federal judge put off ruling on whether to approve Paramount Skydance’s settlement with the states challenging its merger, meaning the deal’s fate won’t be decided until at least next week. It’s unclear how long it will take the judge to rule, but if the merger doesn’t go through by October 1, the company will owe Warner Bros. shareholders a combined $7 million for each day it is delayed.

MGM Resorts’ stock tanked 11% on Thursday as billionaire Barry Diller withdrew his $18 billion bid........

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