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Oracle is preparing more job cuts as it increases reliance on artificial intelligence and funds expensive AI data centres, the Financial Times reported. The company has raised restructuring funds to ...

Shares of Oracle (ORCL) jumped about 10% premarket on Wednesday after fiscal third-quarter results and outlook beat estimates and drew positive reactions from analysts. J.P. Morgan upgraded Oracle's ...

Oracle called recent news reports about Abilene's Stargate data center "false and incorrect" this week. Media reports surrounding the expansion of the artificial intelligence data center indicated a ...

Enterprise software giant Oracle is reportedly planning to ax thousands of jobs due to mounting financial pressure from its aggressive push to build AI-focused data centers. The tech powerhouse may ...

Oracle Corp. is planning to ax thousands of jobs, among its moves to handle a cash crunch from a massive AI data centre expansion effort. Oracle Chairman Larry Ellison. Last month, Oracle said that it ...

Oracle's Ashburn data center went down, taking TikTok with it US users were experiencing issues posting content on the app This is Oracle's second TikTok blunder since it took partial ownership After ...

Oracle shares have been battered as investors worry about the company’s debt levels and whether OpenAI will follow through on its commitments, but some analysts now see a buying opportunity. “The ...

Oracle has seen its stock price decline since announcing its massive $300 billion deal with OpenAI. It has a huge backlog of contracted revenue for its cloud infrastructure but still needs to build ...

Oracle is actively promoting its AI data center progress and job creation efforts amidst significant investor concerns. The company's massive $300 billion OpenAI cloud contract, signed in September ...

Oracle Layoffs: These job cuts are likely to help ease the mounting financing pressures linked to Oracle’s multiyear cloud infrastructure commitments, including a major contract to provide compute ...