Oracle Corporation (ORCL) poised for $14B financing for data centers development

Oracle Corp (NYSE:ORCL) is one of the top growth stocks in billionaire Philippe Laffont’s portfolio. On April 8, Oracle Corp ...
The Next Web

Oracle appoints Hilary Maxson as CFO to manage its $50 billion AI data centre push

Hilary Maxson, formerly group CFO at Schneider Electric, joins Oracle as it cuts 30,000 jobs and commits $50 billion to AI ...
Yahoo Finance

Microsoft to rent Texas data center dropped by Oracle, OpenAI

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TechSpot

Oracle is spending billions on AI data centers as cash flow turns negative

Connecting the dots: Will Oracle be the first major company to falter amid the looming AI bubble? Analysts are scrambling to interpret what is really happening at the cloud giant, as co-founder Larry ...
24/7 Wall St

Oracle Leads Data Center Stocks as Applied Digital and CoreWeave Sink

Last week saw Oracle (ORCL) shares gain while rival neoclouds CoreWeave (CRWV) and Applied Digital (APLD) lost ground. Expect shares to be under pressure on Monday, as the broader market looks poised ...
Fox Business

Oracle expected to slash thousands of jobs as massive AI spending creates financial cash crisis

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 ...
Bloomberg L.P.

Oracle and OpenAI End Plans to Expand Flagship Data Center

Oracle Corp. and OpenAI have scrapped plans to expand a flagship artificial intelligence data center in Texas after negotiations dragged over financing and OpenAI’s changing needs. The collapsed talks ...
Dallas Morning News

Oracle, OpenAI end plans to expand flagship data center in Abilene

Oracle Corp. and OpenAI have scrapped plans to expand a flagship artificial intelligence data center in Texas after negotiations dragged over financing and OpenAI's changing needs. The collapsed talks ...
U.S. News & World Report

Oracle Plans Thousands of Job Cuts as Data Center Costs Rise, Bloomberg News Reports

March 5 (Reuters) - Enterprise software company Oracle is ⁠planning ⁠thousands of job cuts as ⁠it faces a cash crunch from a massive AI data center expansion effort, Bloomberg News reported on ...
dbta

Oracle Makes Pledge to Construct Sustainable Data Centers

Oracle is announcing its pledge to design and build AI data centers with care, considering land use, water, and the natural environment. According to the company, “we believe our AI data centers play ...
MLive

Traffic problems reported as OpenAI, Oracle data center construction ramps up

SALINE TWP., MI — Construction truck traffic got even heavier this week on Michigan Avenue/U.S. 12 through the Saline area with residents already reporting issues since late last year. It is due to ...