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 ...

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 ...

March 5 (Reuters) - Enterprise software company Oracle is ⁠planning ⁠thousands of job cuts as ⁠it faces a cash crunch from a massive AI data center expansion effort, Bloomberg News reported on ...

Oracle ORCL shares rose more than 10% on Feb. 9, posting its biggest daily gain since last September, after a sell-side competitor issued a more favorable rating. Despite the rally, Oracle stock was ...

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.

Colin is an Associate Editor focused on tech and financial news. He has more than three years of experience editing, proofreading, and fact-checking content on current financial events and politics.

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 ...