Negotiations to fund Oracle's planned $10 billion, 1-gigawatt Michigan data center have stalled, rattling markets and drawing scrutiny from investors and U.S. lawmakers after earlier reports said Blue Owl would not back the project.Oracle disputed the Financial Times account and said negotiations are progressing, adding that development partner Related Digital selected another equity partner while spokesperson Michael Egbert said the project is "moving forward" and remains "on schedule."The episode follows disclosures that Oracle carries roughly $248 billion in lease and cloud commitments and comes amid Bloomberg reports that cloud companies have about $500 billion in future data center obligations, stoking fears of an AI infrastructure bubble and broader tech selloff.