Oracle reportedly planning massive layoffs involving thousands of employees as AI spending creates cash crunch. Job cuts could reportedly affect 18% of total workforce.

Oracle is betting heavily on AI data centers. The company's business has become alarmingly overexposed to one major client: ...

Oracle is building high-powered data centers around the world to meet booked business from major tech clients. The job cuts ...

Oracle Corp. is planning to ax thousands of jobs, among its moves to handle a cash crunch from a massive AI data center ...

Investors have grown worried about how it would fund the data center expansion needed to serve customers including OpenAI, Elon Musk's xAI and Meta.

Analysts expect Oracle to report adjusted earnings per share of $1.71 for the quarter, representing year-over-year growth of ...

Oracle shares were up about 3% at $149.45 in early trading. The stock now trades at roughly 19 times projected earnings over ...

The report suggests that Oracle Chairman Larry Ellison is leading a major push to build new data centers that can handle demanding AI tasks for big customers, including OpenAI.

The news that Oracle plans to shutter its advertising business by the end of September has sent shock waves through the ad industry. Over the past decade, the company has spent billions of dollars ...

Oracle Corp. on Monday promoted Clay Magouyrk and Mike Sicilia to become co-chief executive officers, signaling the company’s focus on its rapidly expanding cloud computing business. The 39-year-old ...

Oracle has put forward its AI Agent Studio for Fusion Applications as a platform for orchestrating artificial intelligence (AI) agents and teams of agents. The supplier announced the development at ...