Oracle revealed plans to raise up to $50 billion in debt and equity to finance its massive data center commitments The company's 5-year credit default swaps fell 17% as the likelihood of a credit ...

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 research published this week by investment ...

Oracle shares fell 2% on February 2 following the company’s announcement that it planned to raise upwards of $50 billion in 2026. That spike came after Oracle reported a 359% increase in its remaining ...

Oracle cofounder Larry Ellison has now seen an unprecedented $50 billion wiped off his net worth in less than forty days this year, as per Bloomberg Billionaires Index. Ellison’s fortune stood at $199 ...

Rising debts and questions surrounding its deal with OpenAI have led to investor concerns about the stock. Investors should not lose sight of its improving financials and increasingly attractive ...

Colin is an Associate Editor focused on tech and financial news. He has more than three years of experience editing, proofreading, and fact-checking content on current financial events and politics.

The Cloud One initiative allows Department of Defense customers to use secure, resilient cloud services across multiple classification levels. Under the agreement, mission owners can access Oracle's ...

Oracle has confirmed that financing for its Port Washington data center is on schedule. The Port Washington campus is part of a larger partnership with OpenAI to develop artificial intelligence.

Oracle Corp plans to raise US$45 billion to US$50 billion this year through a combination of debt and equity sales to build additional cloud infrastructure capacity, reflecting the scale of financing ...

Shares in Oracle, one of the world’s largest computing infrastructure companies, fell by 29.4% in the month to 13 November, as concerns over the feasibility of artificial intelligence (AI) spending ...

Sam Altman, Jensen Huang, and Oracle have publicly said there's no tension. "We love working with NVIDIA," Altman wrote in a post on X. "I don't get where all this insanity is coming from." Their ...

A major project to build more than 400 apartments on a site which includes a shopping centre's cinema and former Debenhams store is set to be approved later. Long-standing plans to replace The ...