Prediction: This Artificial Intelligence (AI) Company Will Reshape Cloud Infrastructure by 2030

The advent of modern cloud computing is largely attributed to Amazon, which pioneered cloud infrastructure services with the ...
CNET on MSN

OpenAI Says It'll Build Five More Huge Data Centers. Here's Where

The ChatGPT maker is teaming with Oracle and SoftBank on the facilities, at an expected cost of more than $300 billion.
CNET on MSN

OpenAI Needs Data Centers So Much, It Signed a $300B Deal With Oracle

Here's an eye-popping new price tag for generative AI's booming demand for energy and computing power for data centers: $300 ...

OpenAI opens Stargate data center in Texas, plans 5 more in the U.S.

OpenAI's new Stargate data center site in Abilene, Texas, is up and running, and five more are being built in the United ...
Channel NewsAsia Singapore

Oracle soars on AI cloud gains, Ellison closes in on Musk as world's richest

Oracle shares surged about 43 percent to a record high on Wednesday, putting the company on track to join the elite trillion-dollar club and propelling co-founder Larry Ellison closer to the top of ...
Channel NewsAsia Singapore

Oracle shares jump on $500 billion cloud revenue prospects

Oracle shares soared about 29 per cent before the bell on Wednesday after the enterprise software company forecast booked revenue from its core cloud business to exceed half a trillion dollars over ...
Hosted on MSN

Oracle boosts cloud infrastructure revenue forecast, shares jump 23%

(Reuters) - Oracle said on Tuesday it expects revenue in its Oracle Cloud Infrastructure business to grow 77% this year, from earlier projections of 70%, boosted by growing cloud demand and sending ...
Seattle Times

Cloud computing giant Oracle lays off more Seattle workers

Cloud computing giant Oracle is laying off 101 employees in Seattle, less than a month after reducing its local workforce. The cuts from the Austin, Texas-based company, disclosed Tuesday in a state ...
Indiatimes

Oracle lays off thousands globally; employees report numbers at 3000-plus

Oracle has initiated a new wave of global layoffs, impacting thousands of employees across the US, India, Philippines, Canada, and Europe. The cuts extend beyond Oracle Cloud Infrastructure to include ...

The AI infrastructure scramble, Oracle’s OpenAI bonanza, and the return of IPOs

With its latest earnings — more accurately, its almost unbelievable cloud backlog — Oracle suddenly catapulted itself into ...
Datacenter Dynamics

Oracle continues widespread layoffs across US, India, Philippines, and beyond

Layoffs at Oracle have continued into their second month. DCD was first to report significant job cuts in August, which primarily impacted Oracle Cloud Infrastructure (OCI) teams. The second round of ...
Hosted on MSN

OpenAI, Oracle sign $300B cloud deal

CNBC's MacKenzie Sigalos reports on Oracle’s massive new cloud contract with OpenAI — a $300 billion, five-year deal that starts in 2027 and could transform Oracle’s business. Former minister Greg ...