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fromTheregister
1 day agoEdinburgh councillors pull the plug on 'green' AI datacenter
Edinburgh council rejected planning permission for a large AI datacenter at the former RBS site despite planners recommending approval.
The kicker for Wednesday was that various media outlets reported that Blue Owl Capital ( NYSE: OWL) may not fund the $10 billion data center for OpenAI, which in turn hammered Oracle Corporation ( NYSE: ORCL). Blue Owl had been in talks with Oracle about funding a 1-gigawatt facility for Michigan, but the spiraling increase in debt was reported to have turned the tables, at least for now. That led to steep losses across the major indices, with the Nasdaq taking the biggest hit, closing down 1.81% at 22,693.
Coherent ( Nasdaq: COHR) reports fiscal first-quarter 2026 results after the close. The photonics and semiconductor equipment supplier is coming off a strong FY25, up 47%, fueled by booming AI datacenter demand and double-digit earnings growth. Shares have risen sharply in recent months, reflecting optimism that management can sustain that momentum into FY26. Last quarter, Coherent reported normalized EPS of $1.00, beating consensus by 8.7%, on revenue of $1.53 billion, up 16% year-over-year.