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 Thursday. Long a smaller ...

March 6 (Reuters) - Oracle and OpenAI have abandoned plans to expand a flagship artificial intelligence data center in Texas ...

Oracle plans thousands of layoffs as it ramps AI data center spending and targets $45–$50B for cloud capacity.

Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Oracle (ORCL) is in the spotlight after outlining plans to raise US$45b to US$50b in 2026 to ...

Oracle is planning to cut thousands of employees as soon as this month, according to a Bloomberg report, which said the cuts will be “wider-reaching” than the firm’s typical rolling reductions. Some ...

Oracle Corp. has begun laying the groundwork needed to start construction on its new headquarters in Nashville.

Feb 13 (Reuters) - A plan from PJM Interconnection, the largest power grid operator in the U.S., to manage burgeoning power demand from data centers could accelerate deal-making between data-center ...

Programs designed to enable load flexibility and demand response in data centers are becoming more critical as constraints on the electric grid intensify. A survey of U.S. energy professionals shows ...

The control room at the Electric Reliability Council of Texas on May 15, 2018. The Electric Reliability Council of Texas, or ERCOT, is changing the way it evaluates its transmission capacity to ...

Oracle (ORCL) shares jumped 10% today after dropping 60% from September highs above $345. Oracle plans to raise $45B to $50B this year through debt and equity to fund cloud infrastructure expansion.

Demand for data centers is rapidly growing in New York, but Gov. Kathy Hochul says she wants tech companies to foot the bill for their mammoth energy costs. Hochul said Thursday that the Public ...

The Sand Springs Planning Commission voted 6-1 to approve a planned data center in city-annexed land in Osage County. The Coweta City Council was set to vote Monday on a planned data center there, but ...