Oracle faces massive job cuts, potentially 20,000-30,000, to fund its costly $300 billion OpenAI partnership. The tech giant has already spent $58 billion on data centers and is struggling with rising ...

Feb 2 (Reuters) - Oracle (ORCL.N), opens new tab shares gained 2% on Monday after Wall Street analysts said the software company's $50 billion fundraising plan allays worries over its ability to ...

Oracle Layoffs: Tech major Oracle is planning to slash up to 30,000 jobs to fund AI data centres, a new report has said. According to a report by CIO citing a research report by investment bank TD ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Banks are tapping investors such as insurance companies and private credit funds as they try to find buyers for ...

A severe winter storm knocked down power in several U.S. counties over the weekend. Oracle spokesperson Michael Egbert said TikTok's technical issues were caused by the outage and are being resolved ...

Conewago Township officials are considering two rural properties for data center development. The AI boom has created a high demand for data centers, attracting bipartisan political support in ...