Oracle denied the report about the disruption of the commissioning of OpenAI data centers

Cloud services provider Oracle denied a report that it will complete data centers for OpenAI - one of its key customers - in 2028, rather than 2027 as previously planned.

"Site selection and commissioning dates were agreed with OpenAI after the contract was signed. We have not encountered any delays at any of the sites required to fulfill contractual obligations. All key milestones are on schedule," an Oracle spokesperson told CNBC on Dec. 12.

The company did not specify when exactly the cloud computing infrastructure for OpenAI will be launched. In September, OpenAI announced that it had entered into a five-year partnership with Oracle for more than $300 billion.

According to the Bloomberg material, the reason for the deadline shift was allegedly a shortage of labor and materials. After the release of this publication on Friday, Oracle shares fell by 6.5%.

This article was AI-translated and verified by a human editor