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 ...
In other recent news, Oracle has been the focus of several significant developments. UBS has lowered its price target for Oracle to $280, citing concerns over OpenAI and a notable correction in Oracle ...
Oracle's stock jumped after the cloud provider joined a group of investors slated to lead TikTok's U.S. operations. The deal prevents a shutdown of the app in the U.S. over national security concerns.
Oracle stock slid after a report that Blue Owl Capital won't back a $10 billion data center for OpenAI. The cloud company later said that the project remains "on schedule" but that Blue Owl was out of ...
Monday - Friday, 6:00 - 7:00 PM ET CNBC's Jim Cramer on Tuesday opined on massive AI spending that has hurt tech stocks. He proposed that action from Oracle could slow down other hyperscalers' ...
Stocks linked to artificial intelligence were struggling Monday, with Broadcom Inc. and Oracle Corp. among the worst performers in the S&P 500 — while AI-focused exchange-traded funds fell. The Dan ...
Oracle’s quarterly earnings topped expectations, but revenue came up short. Investors have question whether the company’s artificial intelligence investments are justified. Oracle picked up ...
Simply sign up to the Technology sector myFT Digest -- delivered directly to your inbox. It’s too soon to be talking about the Curse of OpenAI, but we’re going to anyway. Since September 10, when ...
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