Meta, Oracle and Qualcomm share details on layoffs across California

Recent filings to the California Employment Development Department provide more details about job cuts at major tech ...
The Next Web

Oracle is cutting up to 30,000 employees to pay for AI data centres

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 ...
TechSpot

Oracle is spending billions on AI data centers as cash flow turns negative

Connecting the dots: Will Oracle be the first major company to falter amid the looming AI bubble? Analysts are scrambling to interpret what is really happening at the cloud giant, as co-founder Larry ...
Abilene Reporter-News

Oracle disputes reports on Abilene AI data center expansion

Oracle called recent news reports about Abilene's Stargate data center "false and incorrect" this week. Media reports surrounding the expansion of the artificial intelligence data center indicated a ...
CNBC

Oracle is building yesterday’s data centers with tomorrow’s debt

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 ...
Seeking Alpha

Oracle Q3 Earnings On Deck; Inflation, Jobs Data Also In Focus

Get ahead of the market by subscribing to Seeking Alpha's Wall Street Week Ahead, a preview of key events scheduled for the coming week. The newsletter keeps you informed of the biggest stories set to ...
Seeking Alpha

OpenAI and Oracle decide not to expand Texas data center site: report

OpenAI (OPENAI) and Oracle (ORCL) have decided not to expand their data center site in Abilene, Texas, from 1.2 GW to 2 GW, according to Bloomberg. Apparently, Oracle and OpenAI's expansion plans were ...
U.S. News & World Report

Oracle and OpenAI Drop Texas Data Center Expansion Plan, Bloomberg News Reports

March 6 (Reuters) - Oracle and OpenAI have abandoned ⁠plans ⁠to expand a flagship ⁠artificial intelligence data center in Texas after negotiations dragged over financing and OpenAI's changing needs, ...
Reuters

Oracle plans thousands of job cuts as data center costs rise, Bloomberg News reports

March 5 (Reuters) - Enterprise software company Oracle (ORCL.N), opens new tab is planning thousands of job cuts as it faces a cash crunch from a massive AI data center expansion effort, Bloomberg ...
MLive

Resident near OpenAI, Oracle data center project looks to upend settlement

SALINE TWP., MI —A Saline Township resident living near the massive “Stargate” data center under construction off West Michigan Avenue/U.S. 12 will have her day in court on Friday, Feb. 20. In ...
MLive

Traffic problems reported as OpenAI, Oracle data center construction ramps up

SALINE TWP., MI — Construction truck traffic got even heavier this week on Michigan Avenue/U.S. 12 through the Saline area with residents already reporting issues since late last year. It is due to ...