Oracle Slashes Thousands of Jobs While Doubling Down on AI Expansion

Oracle cuts thousands of jobs as investor concerns grow over its $500 billion AI data center push, raising questions about ...
CRN

Partners: Oracle Layoffs Are ‘Huge’ Channel Opportunity

Here’s why Oracle partners say the layoffs at the enterprise cloud software powerhouse spells big opportunity for the channel.
Yahoo

Data center developer looks west, backs power upgrades near Fargo

Add Yahoo as a preferred source to see more of our stories on Google. Cranes work to position concrete panels at the site of the future Applied Digital data center near Harwood, North Dakota, on March ...
Daily Herald

Developer withdraws application for controversial Lisle data center

A developer has scrapped a controversial plan to build a new data center on the former Lockformer property in Lisle. Village officials announced on social media Wednesday that the developer has ...
TechSpot

Oracle is spending billions on AI data centers as cash flow turns negative

Connecting the dots: Will Oracle be the first major company to falter amid the looming AI bubble? Analysts are scrambling to interpret what is really happening at the cloud giant, as co-founder Larry ...
CNBC

Oracle is building yesterday’s data centers with tomorrow’s debt

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 ...
Bloomberg L.P.

Oracle and OpenAI End Plans to Expand Flagship Data Center

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 ...
Reuters

Oracle and OpenAI drop Texas data center expansion plan, Bloomberg News reports

March 6 (Reuters) - 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, ...
U.S. News & World Report

Oracle Plans Thousands of Job Cuts as Data Center Costs Rise, Bloomberg News Reports

March 5 (Reuters) - Enterprise software company Oracle is ⁠planning ⁠thousands of job cuts as ⁠it faces a cash crunch from a massive AI data center expansion effort, Bloomberg News reported on ...
MLive

Resident near OpenAI, Oracle data center project looks to upend settlement

SALINE TWP., MI —A Saline Township resident living near the massive “Stargate” data center under construction off West Michigan Avenue/U.S. 12 will have her day in court on Friday, Feb. 20. In ...
Morningstar

Oracle: Strong Generative AI Demand Supports Data Center Buildout

Oracle ORCL shares rose more than 10% on Feb. 9, posting its biggest daily gain since last September, after a sell-side competitor issued a more favorable rating. Despite the rally, Oracle stock was ...