Oracle Corp. named Schneider Electric SE executive Hilary Maxson as its chief financial officer to help the company navigate massive data center development plans and an accompanying cash crunch.

Delivering on its grand plans for AI support has required unprecedented financial manoeuvring for Oracle “Meeting this opportunity requires efficient approaches in allocating capital, delivering ...

At Oracle World in Las Vegas in October, Oracle Corp. founder and CEO Larry Ellison got right to the point. “AI changes everything,” Ellison told attendees, and his company’s recent releases have ...

Oracle Slashes Thousands of Jobs While Doubling Down on AI Expansion Your email has been sent Oracle has begun cutting thousands of jobs as it seeks to ease investor concerns about the scale of its AI ...

Employees across the US, India, Canada, and Mexico woke up on 31 March to termination emails from “Oracle Leadership” with no prior warning. TD Cowen estimates the cuts will affect 18% of Oracle’s 162 ...

Microsoft Corp. will occupy a data center project previously earmarked for Oracle Corp. and OpenAI, scooping up 900 megawatts of capacity after the other two companies walked away from the site. The ...

March 24 (Reuters) - Microsoft has agreed ⁠to ⁠rent a data ⁠center project in Texas that was originally being developed for Oracle and OpenAI, Bloomberg News reported ‌on Tuesday, citing people ...

Pacific Investment Management Co. (Pimco) is reportedly in talks with Bank of America Corp. about providing around $14 billion in debt financing to Related Digital for an Oracle data center in ...

OpenAI is walking away from expanding its flagship Stargate data center with Oracle because it wants next-generation Nvidia chips at new sites instead. Oracle is the only major player funding the AI ...

Enterprise software giant Oracle is reportedly planning to ax thousands of jobs due to mounting financial pressure from its aggressive push to build AI-focused data centers. The tech powerhouse may ...

Oracle Corp. and OpenAI have scrapped plans to expand a flagship artificial intelligence data center in Texas after negotiations dragged over financing and OpenAI’s changing needs. The collapsed talks ...