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 ...

The narrative around OpenAI has completely flipped, challenging Oracle's justification of borrowing money to fund artificial ...

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 ...

Oracle’s remaining performance obligations surged to $523B. This represents roughly 8.5 times annual revenue. Oracle’s trailing free cash flow turned negative at $13B as capital expenditures soared ...

Oracle plans to raise $45–$50 billion in 2026 to expand Oracle Cloud Infrastructure and meet growing customer demand.

Oracle is a managing investor of a new joint venture that will run TikTok’s U.S. operations. Investors should focus on Oracle’s cash flow and balance sheet. Its falling stock price in recent months ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Banks are tapping investors such as insurance companies and private credit funds as they try to find buyers for ...

Big Tech companies have seen more than $1 trillion wiped from their stocks, with Amazon leading the pack in losses, according to FactSet data. Fears over AI spending sparked the sell-off. Microsoft, ...

Oracle (ORCL) plans to raise $40B to $50B to expand cloud infrastructure for major AI customers including Meta, Nvidia and OpenAI. Oracle’s remaining performance obligations surged to $523B. This ...

Oracle is staring down the possibility of its largest-ever workforce reduction—and at the heart of it is a $300 billion partnership with OpenAI that's proving far more expensive than anyone initially ...