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Oracle’s meteoric rise continues to defy expectations. With a 36% surge following its latest earnings and a cumulative 3x gain since early 2023, the enterprise software giant is rewriting the playbook ...
Oracle's stock surged 36% after reporting record future revenue obligations. Jefferies sees more upside, lifting its stock price target to $360 on cloud and AI growth. Analysts point to Oracle's ...
Oracle India employees are experiencing heightened anxiety due to recent layoffs, particularly within the Oracle Cloud Infrastructure (OCI) division. Affected employees report abrupt terminations via ...
Oracle reportedly signed a $300 billion cloud infrastructure deal with OpenAI. OpenAI doesn't have that kind of money, so enormous funding rounds are going to be necessary. If OpenAI hits any snags, ...
A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. The catalyst wasn’t a flashy product rollout or a surprise earnings beat — in ...
Oracle’s ORCL remaining performance obligations for the first quarter increased 359% to $455 billion, primarily due to expanding relationships with large language model providers. Management also ...
Oracle has appointed Clay Magouyrk and Mike Sicilia as co-CEOs, signaling a major shift towards its burgeoning cloud computing business. This strategic move comes as Safra Catz transitions to ...
Oracle is on its way to becoming the best cloud for AI and high-performance computing. Oracle multicloud is cutting networking complexity and reducing data transfer latency. OpenAI will need to raise ...
Rumor mill: The potential accord with Meta highlights how intensely companies are competing to lock in the resources needed for AI development. As workloads for advanced models increase in complexity ...
Shares of Oracle Corp. closed 4% higher today following reports that it’s negotiating a $20 billion deal to provide Meta Platforms Inc. with cloud infrastructure. Sources told Reuters that the ...
Safra Catz replaced as CEO after 11-year tenure Catz credited with steering AI strategy Cloud execs Clay Magouyrk and Mike Sicilia appointed as co-CEOs New co-CEOs underscore cloud importance, ...
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