Business
US: Oracle surge lifts S&P 500 to record as Dow declines
The S&P 500 finished at a new record on Wednesday behind a huge rally in Oracle shares as major US indices diverged ahead of key consumer…
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Oracle
Business
Oracle stock is soaring today despite an earnings miss and recent layoffs. Its CEO thanks a ‘who’s who of AI’
Oracle Corp. started September by making headlines for layoffs. Then, on Tuesday, September 9, it reported first-quarter financial results…
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 lays off thousands—or more—globally amid rapid AI shifts
Employees at tech giant Oracle are facing down a fresh round of layoffs this month, the latest bad news out of an industry that’s either…
Business
Oracle cuts cloud division jobs amid surge in AI spending
Many tech giants have sought to deal with the surging costs of artificial intelligence by reducing expenses in other parts of the business…
Business
OpenAI, Oracle to add 4.5GW US data centre capacity in AI expansion
OpenAI and Oracle announced they will develop 4.5 gigawatts of additional US data centre capacity in an expanded partnership, furthering a…
Business
Oracle in talks for US$100 million Skydance-Paramount cloud deal
Oracle is in discussions with Skydance Media for a major software deal once the media company’s acquisition of Paramount Global is…
Fashion
Oracle to advance Indonesia cloud services plan
It will lease DayOne’s data centres located at Nongsa Digital Park on the Indonesian island of Batam Oracle will partner with DayOne Data…
Business
Oracle, OpenAI expand Stargate deal for more US data centres
OpenAI has agreed to rent a massive amount of computing power from Oracle data centres as part of its Stargate initiative, underscoring…
Business
Oracle inks cloud deal worth US$30 billion a year
That revenue alone would represent nearly three times the size of Oracle’s current infrastructure business Oracle said it has signed a…
Business
Oracle to buy US$40 billion of Nvidia chips for OpenAI’s US data centre: report
Oracle will spend around US$40 billion on Nvidia’s higher-performance chips to power OpenAI’s new US data centre, the Financial Times (FT)…
Fashion
Oracle tells clients of second recent hack, log-in data stolen
Oracle has told customers that a hacker broke into a computer system and stole old client log-in credentials, according to two sources…
Business
Oracle adds AI pricing features to financial software
ORACLE on Thursday (Feb 6) added another set of artificial intelligence (AI) tools to NetSuite, one of its corporate finance software…
Business
Why Chinese AI company DeepSeek is spooking investors on U.S. tech
Major U.S. tech stocks, including Nvidia, Oracle and Broadcom, plummeted Monday after Chinese artificial intelligence startup DeepSeek…
News
Oracle, Apple, Google diverge on whether to keep serving TikTok
APPLE and Oracle have reacted differently to President Donald Trump’s pledge that the US government will not enforce a national security…
Business
OpenAI, Oracle and Softbank team up on multibillion-dollar AI project
President Trump on Tuesday announced that OpenAI, Oracle and Softbank are partnering on a venture to direct more than $100 billion toward…
Business
Oracle misses quarterly results estimates on stiff cloud competition
ORACLE missed Wall Street expectations for second-quarter revenue and adjusted profit on Monday (Dec 9), hit by stiff competition and…