Market Chatter: Crusoe Dropped From Wyoming AI Project After Google Raises Issues

MT Newswires Live06-11 22:48

Alphabet's (GOOG, GOOGL) Google raised concerns over the costs and timetable of construction of an AI campus project in Wyoming under Crusoe's management, leading to Crusoe being pushed away from the project, Bloomberg reported Thursday, citing people familiar with the matter.

On Tuesday, Crusoe said it had "paused" a plan to build the AI campus, but in reality, Black Hills (BKH) said Wednesday it was moving forward without Crusoe as its development partner, the report said. Google is working to finalize a deal with the remaining partners to purchase computing from the site, two of the people reportedly told Bloomberg.

The companies didn't immediately reply to requests for comment from MT Newswires.

(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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