Jobs bloodbath at Oracle as 21,000 staff let go amid huge strategy pivot

Oracle has quietly axed 21,000 workers in a massive jobs bloodbath as it pours billions into artificial intelligence, all ...
WXYZ

Oracle, OpenAI 'Barn' data center breaks ground in Saline Township, additional community investments announced

SALINE TWP., Mich. (WXYZ) — Michigan's largest-ever investment — a $16 billion data center campus — held its groundbreaking Monday in Saline Township, drawing ...
Computer Weekly

Dethawing the data lake, Amazon S3 managed Apache Iceberg Tables

The latest trends and issues around the use of open source software in the enterprise. Among the many news items that surfaced at AWS re: Invent this year were new features in Amazon Simple Storage ...
Engineering News-Record

Oracle's $16B Michigan Data Center Secures Financing as Power Contracts Face Appeals

A rendering of Related Digital's proposed data center campus in Saline Township, Mich., near Ann Arbor, shows three single-story compute buildings totaling more than 1.6 million sq ft. The $16B ...
Wall Street Journal

Oracle’s Deluge of AI Debt Pushes Wall Street to the Limit

Oracle’s ORCL0.02%increase; up pointing triangle $300 billion megadeal with OpenAI is testing the limits of Wall Street’s appetite for debt tied to America’s data-center boom. Banks including JPMorgan ...
Bloomberg L.P.

Oracle Agrees to Buy Power From Bloom for AI Data Centers

Oracle Corp. agreed to purchase as much as 2.8 gigawatts of fuel-cell power from Bloom Energy Corp. to supply data centers for artificial intelligence work. An initial 1.2 gigawatts of capacity has ...
The Next Web

Oracle is cutting up to 30,000 employees to pay for AI data centres

Employees across the US, India, Canada, and Mexico woke up on 31 March to termination emails from “Oracle Leadership” with no prior warning. TD Cowen estimates the cuts will affect 18% of Oracle’s 162 ...
VentureBeat

Oracle converges the AI data stack to give enterprise agents a single version of truth

Enterprise data teams moving agentic AI into production are hitting a consistent failure point at the data tier. Agents built across a vector store, a relational database, a graph store and a ...
Forbes

Oracle AI Database Agentic AI: New Features Address Enterprise Data Pipeline Problem

This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. Oracle announced a suite of agentic AI capabilities integrated directly into Oracle AI ...
Business Insider

Oracle tells investors not to worry about data center spending because its 'very, very good' at cost-cutting

Oracle has two magic words for investors concerned with the company's aggressive data center spending: fast and cheap. Shares of the cloud giant rose as much as 10% on Tuesday after it surpassed ...
Reuters

Oracle sees AI boom through at least 2027, sending shares up 8%

Oracle's AI data center strategy boosts revenue forecast to $90 billion by 2027 RPO grows 325% YoY to $553 billion in Q3, surpassing estimates Oracle's cloud margins expected to improve with database ...