12:37 PM EDT, 03/24/2026 (MT Newswires) -- (Updates with Microsoft's ( MSFT ) response to a request for comment in the final paragraph.)

Microsoft ( MSFT ) will rent a data center project in Abilene, Texas that was originally planned for Oracle (ORCL) and OpenAI, Bloomberg reported Tuesday, citing people familiar with the situation.

Microsoft ( MSFT ) and Crusoe, the developer, struck the deal after Oracle and OpenAI walked away from talks, the report said, citing the people.

Microsoft ( MSFT ) declined to comment to MT Newswires, while Crusoe didn't immediately reply to a request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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