The cuts came as Oracle posted a 95% profit jump and filed 3,100 H-1B visa petitions.

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

Oracle ( ORCL) released an array of new agentic applications for enterprises covering finance, supply chain management, human ...

Recent filings to the California Employment Development Department provide more details about job cuts at major tech ...

New details reveal where tech titan Oracle’s layoff axe will fall in the Golden State: 318 workers in Redwood City, 184 in ...

If finalized, the deal would make PIMCO a key backer of a Saline Township data center where Oracle Corporation aims to run applications for OpenAI. ・The funding may be structured as a bond offering, ...

Pacific Investment Management Co. is in talks with the Bank of America to help provide roughly $14 billion of debt ​financing ...

Oracle called recent news reports about Abilene's Stargate data center "false and incorrect" this week. Media reports surrounding the expansion of the artificial intelligence data center indicated a ...

OpenAI is walking away from expanding its flagship Stargate data center with Oracle because it wants next-generation Nvidia chips at new sites instead. Oracle is the only major player funding the AI ...

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 ...

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 ...

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 ...