Oracle
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financeOracle Surpasses Revenue Estimates Fueled by AI Cloud Demand
Oracle's third-quarter revenue beats expectations, driven by strong cloud services demand amid the AI boom. Shares surged on the news.
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financeAmazon Launches Massive Bond Sale to Fund AI Infrastructure
Amazon is targeting up to $42 billion in a new bond sale to finance its ambitious artificial intelligence infrastructure buildout.
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techOracle, OpenAI Halt Texas Data Center Expansion
Oracle and OpenAI have reportedly abandoned plans for a major AI data center expansion in Texas due to financing and evolving needs.
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techOracle, OpenAI Halt Texas AI Data Center Expansion; Meta Explores Abilene Site
Oracle and OpenAI scrap plans for a major AI data center in Abilene, Texas. Meta Platforms now in talks to lease the site.
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techOracle Eyes Thousands of Layoffs Amidst AI Data Center Expansion Costs
Enterprise software giant Oracle is reportedly planning significant job cuts to manage costs associated with its massive AI data center expansion, impacting various divisions and potentially targeting AI-affected roles.
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financeSaudi Arabia Unleashes $100 Billion Tech Fund for Post-Oil Economy
Saudi Arabia launches a massive $100 billion tech fund to accelerate its transition to a post-oil economy, focusing on AI, semiconductors, and advanced computing.