Indiatimes

Oracle may lay off up to 30,000 employees, and one of the Big reasons is the company's 'commitment' to Sam Altman's OpenAI for…

Oracle faces massive job cuts, potentially 20,000-30,000, to fund its costly $300 billion OpenAI partnership. The tech giant has already spent $58 billion on data centers and is struggling with rising ...
Forbes

How Oracle AI Database 26ai Addresses The Enterprise AI Data Paradox

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 ...
Mint

Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres

Oracle Layoffs: Tech major Oracle is planning to slash up to 30,000 jobs to fund AI data centres, a new report has said. According to a report by CIO citing research published this week by investment ...
NDTV

Oracle Plans To Lay Off 20,000 To 30,000 Employees: Report

Oracle, a US-based multinational, is mulling over laying off around 20,000 to 30,000 employees, which is approximately 10% of its workforce, CIO reported, citing investment bank TD Cowen. The plans of ...
CNBC

Oracle's credit default swaps are plummeting as financing plan boosts investor confidence

Oracle revealed plans to raise up to $50 billion in debt and equity to finance its massive data center commitments The company's 5-year credit default swaps fell 17% as the likelihood of a credit ...
TechCrunch

Avalanche thinks the fusion power industry should think smaller

Nuclear fusion conjures images of massive reactors or banks of dozens of large lasers. Avalanche co-founder and CEO Robin Langtry thinks smaller is better. For the last several years, Langtry and his ...
CNBC

Oracle rises after company announces $50 billion fundraising plans. Here's what's happening

Oracle stock rose 2% in Monday morning trading after the company announced on Sunday plans to raise $45 billion to $50 billion in the 2026 calendar year. The data center giant said on Sunday it ...
Los Angeles Times

The U.S. needs a national fusion strategy before our lead in energy slips away

This is read by an automated voice. Please report any issues or inconsistencies here. Fusion has been in the news a lot recently given its promise as an abundant and clean source of energy that could ...
Reuters

Oracle says data center outage causing issues faced by US TikTok users

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 ...
Florida Today

Who bought TikTok? What to know about a Florida billionaire, Oracle

TikTok is now majority-owned by a group of U.S.-backed investors, including Oracle, Silver Lake, and MGX. The app's former owner, Chinese company ByteDance, retains a ...
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 ...
Reuters

Oracle shares gain as $50 billion raise eases data-center funding fears

Feb 2 (Reuters) - Oracle (ORCL.N), opens new tab shares gained 2% on Monday after Wall Street analysts said the software company's $50 billion fundraising plan allays worries over its ability to ...