Oracle rises after company announces $50 billion fundraising plans. Here's what's happening

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

Oracle unveils $50B fundraising plan to fuel AI data center ambitions

Oracle Corp. has given investors another reason to be nervous after revealing a plan today to raise between $45 billion and ...
mlive on MSN

Saline Township planners consider pause on industrial amid OpenAI, Oracle data center backlash

SALINE TWP., MI — Saline Township planners are mulling over ways to have more local control over heavy development, as ...
The Register on MSN

Oracle's first general on-prem release of its .ai database iteration draws skeptics

Users happy with 19c as experts question AI lock-in Last week, Oracle announced the general availability of Oracle AI Database 26ai Enterprise Edition for Linux x86‑64, but 13-year support for 19c and ...

Oracle Reportedly Considering 30,000 Job Cuts to Fund AI Data Centre Expansion

Oracle is reportedly planning up to 30,000 job cuts due to US banks refusing to finance its AI data centre buildout.