Oracle Is Burning Cash in the Pursuit of "Hypergrowth." Is the AI Growth Stock a Buy Anyway?

Oracle stock hit an all-time high last September after announcing a detailed roadmap for exponential artificial intelligence ...
mlive on MSN

OpenAI, Oracle data center would be fined for construction truck traffic violations south of Ann Arbor

SALINE TWP., MI — Construction of the “Stargate” data center in Saline Township has brought an increase in truck traffic, with some residents and local officials reporting traffic problems. Moving ...

Oracle's stake in TikTok US joint venture is worth roughly $2 billion, filing shows

Oracle's stake in TikTok's U.S. business operations is worth around $2 billion, a filing showed on Wednesday, ​more than a month after its Chinese ‌parent ByteDance finalized a deal to set up a ...

Microsoft also shows interest in unfinished Oracle Stargate site in Abilene: report

Microsoft (MSFT) is apparently discussing leasing out segments of an uncompleted data center site in Abilene, Texas, ...
InfoWorld

Oracle rejects request it give up control of MySQL

But Oracle has promised to make development of the Community Edition of the database more transparent and inclusive, and to ...

Oracle stock jumps 10% on earnings beat and increased guidance as cloud revenue climbs 44%

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 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 ...

Oracle earnings will show whether its expensive AI bet is starting to pay off

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

Meta eyes 2 GW Texas AI data center expansion abandoned by OpenAI, Oracle

Construction continues at the sprawling 1,000-acre Stargate site in Texas, even as OpenAI and Oracle drop plans to expand the ...

Oracle and OpenAI Drop Texas Data Center Expansion Plan, Bloomberg News Reports

Oracle and OpenAI have abandoned ⁠plans ⁠to expand a flagship ⁠artificial intelligence data center in Texas after negotiations dragged over ​financing and OpenAI's changing needs, Bloomberg News ...
The Financial Times

Oracle raises $25bn in bond offering despite concerns over rising debt

Simply sign up to the Capital markets myFT Digest -- delivered directly to your inbox. Investors piled into Oracle’s latest $25bn bond offering on Monday after the software company pledged to preserve ...
CIO

Oracle may slash up to 30,000 jobs to fund AI data-center expansion as US banks retreat

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 ...