Oracle faces massive job cuts, potentially 20,000-30,000, to fund its costly $300 billion OpenAI partnership. The tech giant has already spent $58 billion on data centers and is struggling with rising ...
Oracle Layoffs: Tech major Oracle is planning to slash up to 30,000 jobs to fund AI data centres, a new report has said. According to a report by CIO citing research published this week by investment ...
To finance its artificial-intelligence ambitions, Oracle is looking to raise more money at a time when Wall Street has gotten more worried about the level of financing underpinning the AI boom. The ...
Oracle's Larry Ellison believes the AI race is becoming a commodity due to shared internet data. He argues the future lies in leveraging private enterprise data, a move Oracle is heavily investing in ...
Oracle Corp (NYSE:ORCL) is one of the stocks with huge growth potential, according to the media. On January 23, Morgan Stanley cut Oracle Corp (NYSE:ORCL)’s price target to $213 from $320 while ...
Feb 1 (Reuters) - Oracle expects to raise $45 billion to $50 billion in 2026 to build additional capacity for its cloud infrastructure, the software company said on Sunday. The company, chaired by ...
Oracle and OpenAI have plans to build $500 billion of data centers in a venture called Stargate. JPMorgan Chase has seen slower investor interest for $38 billion of debt tied to two Stargate sites.
The TikTok deal is done and the US business is now officially known as "TikTok USDS Joint Venture LLC." Oracle will own a significant, but not controlling stake in the new TikTok JV. Oracle, alongside ...
Oracle stock has fallen more than 50% from its peak as investors have become concerned about the future of AI. Microsoft reported quarterly earnings that edged out expectations, but that simply wasn't ...
Oracle (ORCL) raised fiscal 2026 capex guidance to $50B from $35B. Oracle’s stock has nearly halved despite aggressive AI infrastructure buildout. Oracle’s total debt and lease obligations reached ...
Harry is a Writer, Editor, and Content Strategist from Portsmouth, United Kingdom. He started writing about games as the Editor of his university website, and in the ten years since, he has been ...
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