Oracle stock slumped even as executives reassured investors about the profitability of a business renting servers to AI companies and discussed the broader financial outlook over the next five years.

The tech giant raises its long-term financial targets and projects strong cloud margins, reassuring investors that its massive AI spending spree is on a path to profitability Shares of Oracle have ...

Major release of Oracle’s flagship database architects AI into its core, seamlessly integrating AI across all major data types and workloads Enables customers to achieve breakthrough insights, ...

LAS VEGAS - Oracle (ORCL), a prominent player in the software industry with a market capitalization of $878 billion, announced Tuesday it has enhanced Oracle Database@AWS with new capabilities ...

Oracle’s $40 billion market cap loss exposed razor-thin AI cloud profit margins, raising doubts about the sustainability of its growth model. Analysts warn that circular financing among AI firms and ...

This is the online edition of The Wiretap newsletter, your weekly digest of cybersecurity, internet privacy and surveillance news. To get it in your inbox, subscribe here. The Clop ransomware is back ...

Oracle (ORCL) stock rose more than 6% Monday as the White House confirmed that the software giant is part of a consortium of investors that will control TikTok's US operations. The company also ...

IBM is building a complete AI strategy that links watsonx, Red Hat Linux, consulting, and specialized hardware. Consulting and large enterprise deals mean longer sales cycles and lumpy revenue, but ...

Oracle's cloud business is experiencing surging customer demand for AI computing power. The company believes its customer contracts could exceed a half-trillion dollars. Oracle founder Larry Ellison ...

In his decades-long career in tech journalism, Dennis has written about nearly every type of hardware and software. He was a founding editor of Ziff Davis’ Computer Select in the 1990s, senior ...

Sept 10 (Reuters) - OpenAI has signed a contract to purchase $300 billion in computing power over roughly five years from Oracle (ORCL.N), opens new tab, among biggest in history, the Wall Street ...

Oracle sent its shares soaring after markets closed yesterday after reporting that it signed multiple multi-billion-dollar contracts with several customers. Now, we have an idea of who those customers ...