Business
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
Business
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 chases $50 billion for AI buildout as doubts mount on Wall Street
Oracle shares fell 2% Monday following the company’s announcement it planned to raise upwards to $50 billion in 2026. Funding rounds of…
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
Auctions and the Winter Show at the Armory hint at the strength of the market for old American art. Source link
Business
TikTok’s U.S. Ownership Raises Concerns for Creators at First TikTok Awards Show: ‘I Want People to Create Without Worrying About Being Punished’
The most influential content creators were celebrated on Thursday night for their impact and contributions to popular internet culture at…
Business
TikTok U.S. Joint Venture Deal Set to Close in January With Investors Including Oracle, Silver Lake
TikTok is nearly to the finish line in the video app’s long trek to becoming legal in the U.S. ByteDance and TikTok have signed “binding…
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…
Business
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.…
Fashion
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…
Business
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
AI investments are booming. Here’s a list of multi-billion dollar deals from Nvidia, Oracle, and more
Nvidia is set to invest up to $100 billion in OpenAI and supply it with data center chips, in a deal that gives the chipmaker a financial…
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…
News
TikTok’s algorithm to be secured by Oracle under Trump deal
The US president intends to sign an executive order this week to formalise his approval of the transaction, the White House official says…
News
Oracle to secure TikTok’s algorithm for users under U.S. deal
Tech giant Oracle will oversee the security for a licensed copy of the recommendation engine powering TikTok under the terms of a proposed…
Business
Oracle, Andreessen Horowitz consortium will control 80% of TikTok in U.S.: report
TikTok‘s U.S. operations would be controlled by an investor consortium including Oracle, Silver Lake and Andreessen Horowitz, under a…
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…