The Business Journals

Oracle plans to slash thousands of jobs as it races to build AI data centers

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The Business Journals

Oracle plans to slash thousands of jobs as it races to build AI data centers

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Oracle is building high-powered ...
The White House

Fact Sheet: President Donald J. Trump Advances Energy Affordability with the Ratepayer Protection Pledge

ENSURING TECH COMPANIES BUILD, BRING, OR BUY POWER FOR DATA CENTERS: Today, President Donald J. Trump brought the leading AI companies and hyperscalers together to sign the Ratepayer Protection Pledge ...
Morningstar

Oracle: Strong Generative AI Demand Supports Data Center Buildout

Oracle ORCL shares rose more than 10% on Feb. 9, posting its biggest daily gain since last September, after a sell-side competitor issued a more favorable rating. Despite the rally, Oracle stock was ...
Hosted on MSN

Oracle will be able to build capacity while OpenAI pays for it, says DA Davidson's Gil Luria

Gil Luria, D.A. Davidson, joins 'The Exchange' to discuss the firm's upgrade of Oracle, Microsoft's positioning in the AI trade and much more. Bad Bunny performs historic Super Bowl halftime show ...
Investopedia

Oracle Is Raising Billions to Fund Its AI Buildout. Today, Investors Are Cheering

Colin is an Associate Editor focused on tech and financial news. He has more than three years of experience editing, proofreading, and fact-checking content on current financial events and politics.
Fast Company

Oracle chases $50 billion for AI build-out as doubts mount on Wall Street

Oracle shares fell 2% on February 2 following the company’s announcement that it planned to raise upwards of $50 billion in 2026. That spike came after Oracle reported a 359% increase in its remaining ...
Benzinga.com

Oracle Targets Up To $50 Billion To Expand Cloud Capacity

On Sunday, Oracle said it plans to raise $45 billion to $50 billion in 2026 to build additional capacity for its cloud infrastructure. "Oracle is raising money in order to build additional capacity to ...
Reuters

Oracle sued by bondholders over losses tied to AI buildout

NEW YORK, Jan 14 (Reuters) - Oracle (ORCL.N), opens new tab was sued on Wednesday by bondholders who say they suffered losses because the company ‌chaired by billionaire Larry Ellison failed to ...
CNBC

Oracle sued by bondholders over losses tied to AI buildout

Oracle was sued on Wednesday by bondholders who say they suffered losses because the company chaired by billionaire Larry Ellison failed to disclose it needed to sell significant additional debt to ...
U.S. News & World Report

Oracle Sued by Bondholders Over Losses Tied to AI Buildout

NEW YORK, ‌Jan 14 (Reuters) - Oracle ‌was sued on Wednesday by bondholders ‍who say they suffered losses ⁠because the company led by billionaire Larry Ellison failed to disclose ‌it needed to sell ...