Oracle’s 21,000 layoffs help drive its debt-fueled AI investments

The growing use of AI contributed to Oracle laying off 21,000 workers in a year, according to a Securities and Exchange ...

Oracle sheds 21,000 roles over the past year amid wave of AI layoffs from tech giants

"The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in ...

WeatherTech, Oracle billionaires pay $67M for slices of neighboring Manalapan land

Larry Ellison and David MacNeil paid a combined $67 million for portions of a Manalapan waterfront site from developer ...
The Business Journals

Oracle reports record revenue and profit — and $24 billion of negative cash flow from the AI race

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Oracle Corp. released its 2025 ...
Futurism

Residents Furious After Their Town Board Rejected an OpenAI Data Center, But a Billionaire Developer Forced It Through Anyway

Add Futurism (opens in a new tab) More information Adding us as a Preferred Source in Google by using this link indicates that you would like to see more of our content in Google News results. Across ...
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 ...
Reuters

Related Digital secures financing for $16 billion Oracle data center in Michigan

April 24 (Reuters) - Data center developer Related Digital said on Friday it has secured financing for a $16 billion data ‌center campus it is building in Michigan for Oracle (ORCL.N), opens new tab.
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 ...
Business Insider

A Texas developer got a $2 billion loan to build Oracle data centers in the 'burbs

You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Texas has become a hot spot for jumbo-sized data centers in far-flung locations that provide the heavy ...
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 Motley Fool

Oracle Stock Hasn't Been This Cheap in 3 Years -- But Is It a Buy Right Now?

Most AI development happens in large, centralized data centers, which are fitted with thousands of specialized chips called graphics processing units (GPUs). Most businesses don't have billions of ...
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 ...