Oracle laid off 30,000 works by email at 6 AM. The same quarter, it posted record revenue and a $553 billion backlog.

Investor Michael Burry, in a post on X on Tuesday, claimed that OpenAI backed out of a major data centre arrangement with Oracle because it preferred a different generation of chips from Nvidia.

Oracle cut 30,000 jobs this morning.

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 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 faces significant existential risk amid the current LLM-driven AI surge, with recent results highlighting accelerating vulnerabilities. RPO surged 325% year-over-year to $553 billion, primarily ...

With increasing use of blockchain technology, the efficiency of data transfer between on-chain and off-chain networks is becoming critical. The query of how layer-2 solutions enhance oracle ...

Oracle ORCL0.79%increase; green up pointing triangle will spend $500 million more on restructuring costs in the current fiscal year than previously reported as artificial-intelligence models allow the ...

An Austin-based software giant has set aside billions for restructuring, raising concerns about potential job cuts as the company ramps up spending on artificial intelligence tools and data center ...

A key milestone is the successful deployment of the AI Oracle on a Bitmain Antminer S9, an older but accessible machine chosen because it is the last model with fully available source code. Gardin ...