There’s limited evidence that Oracle is replacing workers with AI en masse—but the company is planning thousands of job cuts while investing tens of billions of dollars in data centers.

Oracle CEO Clayton Magouyrk said on an earnings call the company's model of having customers provide data chips for new data center builds is working.

Oracle's backlog was the centerpiece of the results. CEO Safra Catz revealed that the company's remaining performance obligation (RPO) -- a backlog of future sales -- rose to $553 billion, surging 325 ...

Oracle shares climbed as much as 10 per cent on Tuesday after the outfit beat expectations and raised guidance, while trying to calm nerves about its AI infrastructure punt. Oracle founder Larry ...

For the first time in over a decade and a half, Oracle says it grew both revenue and earnings by at least 20% Oracle's stock was rising after Tuesday's earnings report. Oracle proved the ...

Oracle posted earnings that topped Wall Street estimates and lifted its outlook, as strong AI demand drove its sales and ...

Oracle's $300 billion deal with OpenAI established it as a major player in AI cloud computing alongside Amazon, Google and ...

As Bitcoin settles into its fourth mining epoch following the 2024 halving, the barrier to entry for the average investor has shifted from the garage to the data center. While "home mining" has ...

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.

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 ...

This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. Every enterprise IT executive faces the same AI paradox: their most valuable data sits ...

WASHINGTON, Jan 27 (Reuters) - Oracle (ORCL.N), opens new tab on Tuesday said issues faced by U.S. users of social media app TikTok are the result of a temporary weather-related power outage at an ...