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's third-quarter cloud infrastructure revenue surged 84% year over year, accelerating significantly. The software giant's remaining performance obligations climbed to a staggering $553 billion.

Oracle surpassed estimates for the quarter, and lifted its guidance for fiscal 2027 revenue. During the quarter, Oracle announced plans to raise $45 billion to $50 billion in the fiscal year to expand ...

Oracle proved the artificial-intelligence doubters wrong on Tuesday as the company beat expectations on revenue and earnings, while disclosing that it doesn’t expect it will need to take on more ...

In this video, I will cover the CPI report, Oracle's (NYSE: ORCL) earnings, Nebius' new partnership with Nvidia, Uber's partnership with Zoox, and broader market movements. Watch the short video to ...

Oracle (ORCL) reported Q3 IaaS revenue of $4.89B, up 84% year over year, with Remaining Performance Obligations surging to $553B (up 325% year over year) driven by large-scale AI contracts. Nebius ...

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 ...

No signs of the wretched ‘SaaSpocalypse’ as Oracle turned in a strong Q3. Revenue rose 18% year-on-year to $17.19 billion, with profit of $3.72 billion, up from $2.94 billion a year ago. Total cloud ...

A man carries a Free TikTok sign in front of a courthouse in Manhattan during the hush-money trial of Donald Trump in April 2024. The House passed legislation Saturday, April 20, to ban TikTok in the ...

Oracle ORCL1.71%increase; green up pointing triangle will spend $500 million more on restructuring costs in the current fiscal year than previously reported as artificial-intelligence models allow the ...

March 11 (Reuters) - Oracle shares surged ⁠about ⁠12% on Wednesday after the software ⁠giant's upbeat revenue forecast eased concerns over its hefty spending on artificial intelligence infrastructure.

The past week has been a brutal one for many working in the tech and financial industries. Thousands of jobs have been lost—or will be lost soon—from companies including Block, Morgan Stanley, Capital ...