Latest News, Updates & Breaking Headlines
Google, Microsoft, Nvidia, IBM, Oracle and Palantir could become potential targets as tensions in Middle East continue to rise. According to a report by Al Jazeera, Islamic Revolutionary Guard Corps (IRGC)- affiliated Tasnim news agency has issued a list of major offices and infrastructure run by US tech firms with Israeli links whose technology has…
Oracle proved most analysts wrong as the company posted strong quarterly results. The company’s Q3 FY2026 results surpassed both earnings and revenue expectations. The results help to allay investor concerns that Oracle’s costly multi-billion dollar push into AI computing may not generate profits quickly enough. During the earnings conference call, Oracle management spoke about the…
Oracle is reportedly planning significant job cuts, potentially thousands, to manage a growing cash crunch fueled by its massive AI data center expansion. This restructuring, costing over $1.6 billion, aims to address financial pressures from a $300 billion OpenAI partnership. The company’s stock has seen a substantial decline as Wall Street scrutinizes its aggressive spending…
TikTok users in the US faced significant glitches Tuesday, with the company blaming an Oracle data center issue. This marks the second Oracle-related outage impacting TikTok’s US operations since a new joint venture was finalized. Creators experienced posting lags, and the app’s reliability is questioned as it navigates a new ownership chapter. TikTok is down—or…
A massive $500 billion AI data center project, Stargate, announced with fanfare at the White House, has stalled. Internal disagreements between partners OpenAI and SoftBank, coupled with funding challenges, have halted construction and leadership development. This setback has significantly impacted Oracle’s stock and OpenAI’s compute capacity targets, highlighting the difficulties of large-scale infrastructure development. On…
Oracle is actively promoting its AI data center progress and job creation efforts amidst significant investor concerns. The company’s massive $300 billion OpenAI cloud contract, signed in September 2025, has led to a substantial stock decline and ballooning debt. Despite upbeat updates, market jitters persist over the startup’s financial stability and Oracle’s deep entanglement. Oracle…
Oracle is defending its substantial AI partnership with OpenAI amidst reports of potential job cuts to fund infrastructure. Despite a stalled Nvidia deal, Oracle remains confident in OpenAI’s funding capabilities. However, the company’s massive debt and market cap decline raise investor concerns about its ambitious AI spending plans. Oracle has publicly defended its partnership with…
Oracle faces massive job cuts, potentially 20,000-30,000, to fund its costly $300 billion OpenAI partnership. The tech giant has already incurred significant debt for AI data centers, with its stock value plummeting. US banks are hesitant to finance Oracle’s projects, forcing the company to seek upfront customer payments and consider selling its Cerner unit. Oracle…
Oracle’s Larry Ellison believes the AI race is becoming a commodity due to shared internet data. He argues the future lies in leveraging private enterprise data, a move Oracle is heavily investing in with massive infrastructure plans. While competitors are also building enterprise AI, Oracle’s existing database dominance could be key to its success in…
Netflix co-CEO Greg Peters has rejected Paramount Skydance’s $108 billion hostile bud for Warner Bros. Discovery (WBD), calling it unrealistic without the financial backing of Oracle founder Larry Ellison. In an interview with Financial Times, Peters said Paramount’s proposal ‘doesn’t pass the sniff test’ and relies too heavily on debt and external support. He contrasted…
