Oracle's shares plunged about 11% in recent trading after the company disclosed plans for a significantly increased capital raise to finance its growing artificial intelligence and data center ...
Oracle kept its fiscal year revenue guidance intact while raising its profit forecast. The company beat on earnings and revenue for the fiscal fourth quarter. Oracle said it plans to raise an ...
Oracle has decreased its workforce by tens of thousands in the past year while spending $70 billion to fund its AI expansion. Oracle is spending big on artificial intelligence—to the tune of $70 ...
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Oracle has tied its future to the AI revolution, making a big bet on providing data center access to AI firms such as OpenAI, which could account for the bulk of Oracle's revenue in future years. It ...
Part of the market's concern seems to center on what all of this growth costs. Oracle said it plans to raise about $40 billion in fiscal 2027 to help fund its artificial intelligence (AI) data center ...
SINGAPORE – Sea’s Shopee is cutting hundreds of developer jobs globally, joining rivals across the world in slashing staff while they adopt AI in the workplace and develop new services based on the ...
Oracle (ORCL) shares dropped 16% ahead of earnings despite last quarter's 20%+ revenue growth and RPO surging 325% to $553B. Despite an 85% beat probability, Oracle must deliver strong RPO and cloud ...
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Second elected official quits in community grappling with OpenAI, Oracle data center
This story has been updated with a comment from Washtenaw County’s elections director SALINE TWP., MI — There was a major shakeup at Saline Township Hall Wednesday night, June 10, including the ...
Companies will be required to take on new responsibilities to protect data on children and to delete the personal information of Canadians if requested, under a new bill introduced in the House of ...
Pequeño is a breaking news reporter who covers tech and more. Major indexes in the U.S. fell at least 1.1% on Friday. (Photo by Michael M. Santiago/Getty Images) sotck The Nasdaq took the hardest hit ...
Privacy token Zcash slumped after Shielded Labs revealed a critical bug in its Orchard privacy pool that could have allowed unlimited, undetectable counterfeit tokens ...
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