Oracle’s $10 Billion Bet On AI Sends Shares Down 57% And 30,000 Workers Out The Door

Oracle’s stock sinks 57% as the company cuts 30,000 jobs to fund a $10 billion AI push, raising concerns about cash flow, ...
Abilene Reporter-News

Oracle disputes reports on Abilene AI data center expansion

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 ...
Fox Business

Oracle expected to slash thousands of jobs as massive AI spending creates financial cash crisis

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 ...
Milwaukee Journal Sentinel

Huge Port Washington data center financing is 'on schedule,' Oracle says

Oracle has confirmed that financing for its Port Washington data center is on schedule. The Port Washington campus is part of a larger partnership with OpenAI to develop artificial intelligence.
Becker's Hospital Review

ChristianaCare faces lawsuit over Oracle Health data breach

Newark, Del.-based ChristianaCare and Oracle Health have been sued over a data breach involving the EHR vendor’s legacy Cerner systems. “We do not comment on pending litigation,” a ChristianaCare ...
Bloomberg L.P.

Oracle Boosts Data Center Job Forecast After Local Opposition

Oracle Corp. predicted that a massive data center it’s developing for OpenAI in New Mexico will create more jobs than previously announced, another example of tech companies trying promote positive ...
Hypebeast

TikTok USDS Joint Venture Puts U.S. User Data in Oracle Cloud

TikTok has created a new majority American-owned TikTok USDS Joint Venture LLC to keep its U.S. operations alive under strict national security safeguards The joint venture locks U.S. user data and ...
MIT Technology Review

Data centers are amazing. Everyone hates them.

In these politically divisive times, there’s one thing we all agree on—we don’t want a giant data center in our backyard. Behold, the hyperscale data center! Massive structures, with thousands of ...
CNBC

Oracle shares on pace for worst quarter since 2001 as new CEOs face concerns about AI build-out

Oracle's stock has tumbled 30% so far this quarter, headed for its steepest drop since the third quarter of 2001, when it slid almost 34%. Investors have grown skeptical about Oracle's ability to open ...
Bloomberg L.P.

Oracle Says Blue Owl Not in Michigan Deal, Talks on Track

Oracle Corp. said final negotiations on an equity deal for a data center project in Michigan are “on schedule” and doesn’t include Blue Owl Capital, a firm that has helped finance massive data center ...
U.S. News & World Report

Oracle Says Michigan Data Center Project Talks on Track Without Blue Owl

Dec 17 (Reuters) - Oracle said ‌talks for an equity deal to ‌support its Michigan data center project remain on schedule and do not include Blue Owl Capital, after a report of stalled negotiations ...