OpenAI Teams Up With Oracle and SoftBank to Build 5 New Stargate Data Centers

The new sites will boost Stargate’s planned capacity to nearly 7 gigawatts—about equal to the output of seven large nuclear ...

Oracle: Becoming The Fourth Hyperscaler

Oracle Corporation is set to transform top-tier cloud infrastructure after securing a $300B OpenAI deal. Click here to read ...

Oracle is getting two new CEOs. Why that’s good news for the stock.

With Safra Catz staying involved at Oracle in the role of executive vice chair, investors can expect “a smooth transition” as ...

Oracle’s new Gen X and Millennial CEOs get stock options worth $350 million—but they’ll have to keep the stock soaring to collect

CEOs Clay Magouyrk and Michael Sicilia will take over for Safra Catz, who will take on a new role as executive vice chair of ...
Observer

Oracle Appoints Co-CEOs to Replace Longtime Leader Safra Catz

They are both proven leaders, and I am looking forward to spending the coming years working side-by-side with them.” While co-CEOs remain unusual in Silicon Valley, this isn’t the first time Oracle ...

Oracle Moved Up Leadership Succession Plans After Stock Rally

Oracle Corp. accelerated its succession plans for top leadership in recent months following a massive acceleration in its ...
ndtvprofit

US Stock Market Today: S&P 500, Nasdaq Hit Record On Fresh Inflation Data; Oracle Stock Zooms

S&P 500 and Nasdaq Composite rose to hit new record highs on Wednesday as wholesale prices declined unexpectedly, which further supports the case for a rate cut by the US Federal Reserve. Investors ...
Yahoo Finance

Oracle earnings, August CPI data: What to Watch This Week

Market Domination Overtime host Josh Lipton previews the biggest events anticipated in the week ahead, including the latest earnings results from companies like Oracle (ORCL), Adobe (ADBE), GameStop ...
Datacenter Dynamics

JPMorgan Chase and Mitsubishi UFJ lead $38bn debt package for Oracle-linked data centers - report

Investment banks are preparing a $38 billion debt package to fund the development of data centers linked with Oracle. JPMorgan Chase & Co. and Mitsubishi UFJ Financial Group are leading the debt ...
Investing

Oracle data centers in Wisconsin and Texas to receive $38 billion debt - Bloomberg

Both facilities will be developed by Vantage Data Centers and would be used by Oracle to power OpenAI operations, sources with knowledge of the matter said. While Oracle has confirmed plans to use the ...
CoinDesk

Crypto Oracle Firm RedStone Acquires DeFi Credit Specialist Credora

RedStone, a provider of oracle data feeds for blockchains, is buying Credora, an on-chain credit rating platform backed by Coinbase Ventures, S&P, and Hashkey, among others. The financial terms of the ...
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 ...