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Meta, Oracle and Qualcomm share details on layoffs across California
Tech behemoths, including Oracle and Meta Platforms, are laying off hundreds of California workers as they invest heavily in artificial…
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Oracle
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Oracle lays off thousands in latest sign of tough times for tech industry
Software giant Oracle on Tuesday started laying off workers as it looks to rein in costs and double down on artificial intelligence. On…
Business
Oracle plans to raise US$45 billion to US$50 billion in 2026
LE expects to raise US$45 billion to US$50 billion in 2026 to build additional capacity for its cloud infrastructure, the software company…
Business
Mr. Market’s Take on American Art: The Oracle Speaks During Americana Week in New York Auctions | National Review
Auctions and the Winter Show at the Armory hint at the strength of the market for old American art. Source link
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Hybrid Oracle Deployments Are Struggling: Ranjith Rajasekharan Highlights the Need for Operational Discipline, AI Oversight, and Smarter Workload Strategy
Enterprises are rapidly shifting toward hybrid Oracle environments, but the transition is proving more complex than many expected.…
Business
Oracle data centre plan hit as Blue Owl walks from US$10 billion deal: source
Blue Owl’s discussions with lenders and Oracle for an OpenAI-linked Michigan data centre stall after failed negotiations Oracle’s largest…
Business
Wall Street subdued at open as investors eye policy outlook; Oracle slides
Wall Street’s main indexes were subdued at the open on Wednesday (Dec 17) as investors searched for fresh clues to gauge the outlook for…
Business
Oracle denies report on OpenAI data centre delays
Oracle denied on Friday (Dec 12) a media report that it was delaying OpenAI-related data centres, following investor worries over its…
Business
US stocks: Dow, S&P 500 post record closes; Oracle drags on Nasdaq
THE S&P 500 and the Dow boasted record closing highs on Thursday as investors favoured financial stocks after a Federal Reserve policy…
Business
Oracle shares drop the most since 2001 on mounting AI spending
The stock has already lost about a third of its value through Wednesday’s close since a record high on Sep 10 Oracle shares fell the most…
Business
S&P 500, Nasdaq opens lower on Oracle AI spending jitters
The S&P 500 and the Nasdaq opened lower on Thursday (Dec 11) as fresh worries over Oracle’s hefty AI spending plans overshadow optimism…
Business
Oracle posts weak cloud sales, raising fear of delayed payoff
The company has taken out significant sums of debt and committed to leasing multiple data centre sites Oracle posted disappointing cloud…
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Oracle slump sends Ellison sliding down ranks of world’s richest
A frenzied, artificial intelligence (AI)-fuelled rally in Oracle stock briefly made Larry Ellison the world’s richest person in September.…
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Oracle to tap deepening AI adoption in South-east Asia
The key would be in educating customers and prospects alike on the lowered barriers of entry to AI The race for companies in South-east…
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AMD says Oracle is pledging widespread use of new AI chips
Advanced Micro Devices (AMD), Nvidia’s nearest rival in artificial intelligence (AI) processors, said Oracle will deploy a large batch of…
Business
OpenAI, Oracle, SoftBank plan five new AI data centres for US$500 billion Stargate project
Artificial intelligence is a priority for Trump and tech companies that are pouring billions into building the computers that are…
Business
Trump team says TikTok deal nears, with Oracle, Silver Lake among investors
President Donald Trump this week will declare that a deal to divest TikTok‘s US operations from its Chinese owner ByteDance will meet…
Business
Oracle names insiders Clay Magouyrk, Mike Sicilia as co-CEOs in surprise move
The promotion of the two executives underscores the tech industry and Wall Street’s focus on cloud computing strategy [AUSTIN, Texas]…
Business
Oracle marches toward US$1 trillion club; tech stocks cheer
The stock’s gains also put co-founder Larry Ellison on course to beat Elon Musk as the world’s richest man Oracle’s shares rose on…
Business
Oracle retreats after record run towards US$1 trillion club on AI cloud boom
Oracle shares retreated on Thursday (Sep 11) after a record AI-driven surge in the previous session that brought the company closer to the…
Business
US: Oracle surge lifts S&P 500 to record as Dow declines
The S&P 500 finished at a new record Wednesday behind a huge rally in Oracle shares as major US indices diverged ahead of key consumer…
Business
Oracle expects half a trillion dollars in booked cloud orders, stock rises 27%
Oracle said on Tuesday (Sep 9) it expects booked revenue at its Oracle Cloud Infrastructure business to exceed half a trillion US dollars,…
Business
Oracle co-founder Ellison tops Musk as world’s richest man after US$101 billion gain
Ellison, who co-founded Oracle, has the bulk of his net worth tied up in the database software company Larry Ellison has become the…
Business
Oracle shares jump to record on cloud infrastructure outlook
Oracle shares surged to a record in extended trading after the company posted a significant increase in bookings and gave an aggressive…