Oracle and OpenAI drop Texas data center expansion plan, Bloomberg News reports

Oracle and OpenAI have abandoned plans to expand a flagship artificial intelligence data center in Texas after ​negotiations ...

Stock market today: Dow Jones, S&P 500 futures tumble ahead of February employment data—Marvell Technology, Gap, Oracle in focus

U.S. stock futures fell on Friday following Thursday’s negative close. Futures of the major benchmark indices were lower amid the ongoing Iran-US conflict. Forecasters polled by Bloomberg anticipate ...
POWER Magazine

Hyperscalers Sign White House Pledge to Fund Data Center Power, Grid Upgrades

Seven of the nation's largest artificial intelligence (AI) companies and hyperscalers signed a White House-brokered agreement March 4 committing to build, ...

Oracle Stock’s Path To New Highs

If Oracle maintains this pattern of aggressive short-term rallies, current shareholders could see significant upside from ...

TikTok down for some in US, thanks to second Oracle outage since sale

Oracle has been providing cloud services and managing user data for TikTok since before the creation of the TikTok USDS Joint ...

Amazon cloud unit's data centers in UAE, Bahrain damaged in drone strikes

Amazon said on Monday some of ​its data centers in the United Arab Emirates and Bahrain were damaged by drone strikes in the ...
Investing

Banks seek new buyers for Oracle data centre loans- FT

Investing.com -- Banks are looking for new investors to purchase billions of dollars in loans connected to Oracle’s data centre construction projects, the Financial Times reported on Wednesday. At ...
The Financial Times

Banks seek out new buyers for Oracle data centre loans

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Banks are tapping investors such as insurance companies and private credit funds as they try to find buyers for ...
ndtvprofit

Oracle May Lay Off 20,000-30,000 Employees To Fund AI Data Centre Expansion: Report

Oracle is considering laying off about 20,000 to 30,000 employees. The multinational company is even mulling to sell off some of its activities, since banks in the US have pulled back from financing ...
The Financial Express

Oracle planning biggest layoffs in years, to cut 30,000 jobs amid AI data-center funding crunch: Report

According to a report by CIO, citing investment bank TD Cowen, Oracle is considering cutting between 20,000 and 30,000 jobs and may also look at selling parts of its business, including Cerner, the ...
Mint

Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres

Oracle Layoffs: Tech major Oracle is planning to slash up to 30,000 jobs to fund AI data centres, a new report has said. According to a report by CIO citing research published this week by investment ...
Network World

Oracle may slash up to 30,000 jobs to fund AI data-center expansion as US banks retreat

Oracle is considering cutting 20,000 to 30,000 jobs and selling some of its activities as US banks pull back from financing the company’s AI data-center expansion, according to investment bank TD ...