Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres

Over the past few weeks, several US banks have pulled off from lending to Oracle for expanding its AI data centres, as per a ...

Oracle Seeks $50B in 2026 to Fund AI Cloud Growth

The capital injection aims to satisfy surging cloud demand from heavyweight clients including OpenAI, Meta, Nvidia, AMD, ...
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Oracle may cut up to 30,000 jobs as US banks retreat from funding AI data centres: report

Oracle may cut 20,000-30,000 jobs and sell Cerner as US banks pull back from AI data centre financing, reports CIO citing TD Cowen research.
DatacenterDynamics

TikTok says outage is resolved, confirms it was an Oracle data center

The Oracle/TikTok partnership has since been formalized through the establishment of the TikTok USDS Joint Venture LLC, which ...

How Oracle AI Database 26ai Addresses The Enterprise AI Data Paradox

Oracle Database 26ai embeds AI capabilities directly into production databases, enabling enterprises to deploy AI securely ...

Oracle dips 3% after announcing $50 billion fundraising plans. Here's why

The tech giant has invested huge sums in the AI infrastructure buildout in recent times ...

Oracle may slash 30,000 Jobs amid struggle to finance AI data centres

Oracle is reportedly planning layoffs of up to 30,000 employees as it faces funding pressure to expand AI data centres, with ...
24/7 Wall St.

Oracle’s Big $50 Billion Bet: Bold Bid for AI Leadership or Setup for Epic Collapse?

Oracle (NYSE:ORCL) announced on Friday that it expects to raise $45 billion to $50 billion in cash this year through a ...