Oracle

Databases, cloud infrastructure, and Oracle’s enterprise deals.

17 stories tracked

Financial Times ·

Oracle has scrapped a ~$7B, five-year deal to lease ~100K advanced AI chips to Tencent after yielding to pressure from the Trump administration

Intervention comes amid growing tension for US AI infrastructure groups doing business with Chinese tech giants.

Kelly Cloonan / Wall Street Journal ·

Filings: Oracle is selling $10B in common stock and $10B in bonds, as it rushes to get financing for its data center buildout and chip purchases; ORCL falls 5%+

The software company is selling $10 billion in common stock and $10 billion in bonds

Gunjan Banerji / Wall Street Journal ·

Solve: the cost of insuring against debt defaults at hyperscalers Amazon, Alphabet, Microsoft, Meta, and Oracle has hit its highest level since 2021

With trillions riding on the artificial-intelligence trade, investors, traders and tech executives alike are hunting for high-stakes protection

Brody Ford / Bloomberg ·

Alphabet, Meta, Microsoft, Amazon, and Oracle have a collective $3T+ in AI spending commitments over the coming years, including Alphabet's $1T and Meta's $800B

The five largest players in the data center race have committed more than $3 trillion in spending over the coming years …

Deborah Sophia / Reuters ·

Oracle pledges to limit new financing to $20B through FY 2030, expects free cash flow to turn positive in H2 FY 2028 and top $30B in FY 2029; ORCL jumps 11%+

Oracle said it expects capital spending to peak this fiscal year and next as it builds more cloud capacity, but pledged to raise …

Seema Mody / CNBC ·

Oracle adds ChatGPT and Codex to its app stack and expands Oracle Cloud Infrastructure lineup with Google TPUs, OpenAI's Jalapeño chip, and Cerebras hardware

Oracle on Tuesday announced an expanded collaboration with OpenAI that brings the artificial intelligence lab's ChatGPT …

CNBC ·

Nvidia, Oracle, CoreWeave, and other AI stocks fell after a report that OpenAI's annualized revenue at September's end was $20B less than previously reported

Shares of Nvidia, Oracle, CoreWeave and other artificial intelligence names sank lower on Thursday after the market learned more details about OpenAI's revenue.

Wall Street Journal ·

Broadcom has been working to arrange more than $50B in financing for OpenAI's custom AI chip; Oracle is in talks on financing for a big chip purchase

Apollo, Blackstone and Goldman Sachs among lenders in talks to finance megadeals worth tens of billions of dollars apiece

Vanity Fair ·

A profile of Larry Ellison, including his octopus fixation, influence across Oracle, data centers, TikTok, politics, and support for David's media ambitions

The $200 billion software titan has suctioned himself to many hubs of influence

Zijing Wu / Financial Times ·

Tencent signed a ~$7B, five-year deal with Oracle this year for access to ~100K advanced AI chips unavailable in China via Southeast Asian data centers

WeChat owner strikes deal to access US group's south-east Asia data centres amid race with ByteDance and Alibaba

Reuters ·

Google says ShinyHunters has renewed "mass exploitation" of a flaw in Oracle's PeopleSoft; ShinyHunters has said it accessed FBI data using a flaw in PeopleSoft

Google's cybersecurity unit said on Friday that hacking group ShinyHunters has renewed "mass exploitation" …

Wall Street Journal ·

Project Jupiter, the New Mexico data center for which Oracle made major financial commitments, faces power and permitting hurdles, exposing Oracle's AI risks

Oracle sent a force majeure notice to developer, has removed a key partner and faces local resistance in 'Project Jupiter'

Bloomberg ·

Oracle sent a force majeure notice to Blue Owl to delay payments on the 2.45GW Project Jupiter data center in New Mexico if it fails to launch in 2028

Oracle Corp. is moving to shield itself from racking up expenses on a massive data center being built in New Mexico …

Joseph Cox / 404 Media ·

ShinyHunters claims it used an Oracle PeopleSoft zero-day to hack FBI-related services and steal employee and applicant data; it also defaced the FBI jobs site

A sample of 5,000 alleged agents seen by 404 Media includes names, addresses, phone numbers, and details on FBI employees' spouses.

Financial Times ·

~$18B of debt tied to an Oracle New Mexico data center slid into stressed territory, as investors grow wary of construction delays amid local pushback

Investors grow wary of permitting and construction delays as opposition mounts in New Mexico

Jordan Novet / CNBC ·

Oracle reports Q1 revenue up 30% YoY to $19.35B, vs. $19.14B est., cloud infrastructure revenue up 121% to $7.4B, vs. $7.09B est.; ORCL jumps 6%+ after hours

Oracle shares moved 4% higher in extended trading on Thursday after the software vendor issued stronger-than-expected quarterly results.

Jordan Novet / CNBC ·

Oracle's stock fell 19% this week, the steepest weekly drop since a 20% plunge in August 2001, amid concerns about its debt load and AI investments

Oracle just wrapped up its worst week on Wall Street in 25 years as concerns continue to mount about the software company's debt load …

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