Oracle scooped an $88 million contract to provide cloud services to the US military, maintaining its role as a key partner in an enterprise platform run by the nation’s Air Force. The $88 million is a ...
“I’m gonna live forever,” Irene Cara sang in the movie Fame. “I’m gonna learn how to fly.” Both are a physical impossibility, but that’s pop music for you. If Cara had sung the slightly less catchy, ...
Oracle Corp. shares rebounded on Monday following the announcement that the company is planning to raise up to $50 billion this year through a combination of debt and equity sales. This capital will ...
A data center in Texas being built by Stargate, a partnership between OpenAI, Oracle and SoftBank.Kyle Grillot/Bloomberg News Shares in Oracle (ORCL) fell after the technology company said it plans to ...
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 ...
Oracle upped its focus on healthcare, unveiling the development of a generative AI platform to tackle data fragmentation and so speed the process of putting information into action. The Oracle Life ...
This story has been updated with more information. SALINE TWP., MI — DTE Energy Co. has accepted all the conditions that the Michigan Public Service Commission (MPSC) outlined in its conditional ...
Oracle’s stock dropped another 5% on Wednesday after reports that a major investor pulled out of a $10 billion data center deal over concerns about the company’s debt. It was the latest blow in a ...
Oracle's debt is rising as cash flies out the door to fund AI data centers. The company already has a debt-heavy balance sheet, and it will need to borrow more to fund its AI infrastructure contracts.
Oracle’s cloud RPO hit $455B last quarter, up 359% year over year. The company expects FY26 CapEx of $35B to build GPU clusters for AI infrastructure. Multi-cloud database revenue grew 1,529% as ...
Oracle reported first-quarter financial results in September with revenue and earnings per share missing analyst estimates. Guidance from the company sent shares higher, with Oracle one of the ...