Oracle

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Founded1977

Key PeopleSafra Catz, Larry Ellison

HeadquartersAustin, USA

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Oracle cuts 21,000 jobs as AI adoption and infrastructure ambitions reshape its workforce

Oracle eliminated 21,000 positions in fiscal 2026, representing a 13% workforce reduction driven by AI adoption and costly infrastructure expansion. The company spent $1.84 billion on restructuring costs and warns more cuts may follow as it deploys AI technologies internally while racing to compete with cloud rivals through massive data center deals.

Business10 sources

Oracle cuts 21,000 jobs as AI adoption and infrastructure ambitions reshape its workforce

Business10 sources

Oracle launches AI assistant for hotel management with automated room assignments and multilingual support

Oracle unveiled Oracle OPERA Cloud Assistant, embedding AI-powered capabilities directly into its hotel management platform at no additional cost. The suite automates guest room assignments, generates rate descriptions, and provides natural-language assistance across 230 countries. Wyndham Hotels & Resorts, operating over 2,100 properties on OPERA Cloud, is already using the features to boost productivity and operational agility.

Technology2 sources

Oracle launches AI assistant for hotel management with automated room assignments and multilingual support

Technology2 sources

Oracle's Project Jupiter AI data center sparks water debate in drought-stricken New Mexico desert

Oracle and OpenAI are building one of America's largest AI data centers in New Mexico's Doña Ana County, where tree mortality tripled in 2025 due to severe drought. The $165 billion Project Jupiter spans 1,400 acres, but Oracle claims its closed-loop cooling system will use just 11 million gallons for initial fill and minimal annual top-offs, calling the water usage negligible despite local opposition and water scarcity concerns.

Technology2 sources

Oracle's Project Jupiter AI data center sparks water debate in drought-stricken New Mexico desert

Technology2 sources

Oracle partners with Uttar Pradesh to train 300,000 students in AI, cloud, and cybersecurity

Oracle has announced a collaboration with the Uttar Pradesh State Skill Development Mission to deliver free AI training, cloud computing, cybersecurity, and data science education to 300,000 students and professionals by 2029. The initiative offers over 300 hours of structured learning through Oracle MyLearn platform, aiming to build a future-ready talent pool and strengthen employability across India's most populous state.

Business3 sources

Oracle partners with Uttar Pradesh to train 300,000 students in AI, cloud, and cybersecurity

Business3 sources

Oracle plans $70B AI infrastructure buildout as investors flee, sending stock down 12%

Oracle reported strong Q4 earnings with revenue up 21% to $19.2 billion, but investor concerns over massive AI datacenter spending sent shares tumbling 12%. The company plans to spend $70 billion on AI infrastructure in fiscal 2027 and raise $40 billion through debt and equity financing, marking one of tech's most aggressive AI buildouts.

Business10 sources

Oracle plans $70B AI infrastructure buildout as investors flee, sending stock down 12%

Business10 sources

OpenAI reaches 10GW capacity milestone early as Stargate strategy shifts from ownership to leasing

OpenAI hit its 10 gigawatts AI computing capacity target years ahead of the 2029 deadline, adding 3 gigawatts in just 90 days. But the $500 billion Stargate initiative has transformed from a joint venture building dedicated data centers into a flexible approach of leasing capacity from third-party providers. The company has halted projects in the UK and Norway while expanding partnerships with Amazon, Oracle, and Microsoft.

Technology3 sources

OpenAI reaches 10GW capacity milestone early as Stargate strategy shifts from ownership to leasing

Technology3 sources

Oracle data center secures $16 billion financing after months of Wall Street negotiations

Related Digital has closed a $16 billion financing package for Oracle's massive data center campus in Michigan, designed to power applications for OpenAI. The deal wrapped after months of stop-and-start negotiations, with Pimco purchasing $10 billion of the bonds. The financing highlights how Big Tech's debt-fueled AI expansion is facing increased scrutiny from Wall Street investors.

Business3 sources

Oracle data center secures $16 billion financing after months of Wall Street negotiations

Business3 sources

Big Tech's AI ambitions fuel $300 billion borrowing boom as Wall Street shows investor fatigue

Major technology companies have borrowed over $300 billion to fund AI infrastructure, marking a dramatic shift from traditional financing. Oracle's record $16.3 billion data center deal required bond fund PIMCO to anchor $10 billion after US banks retreated, while Meta's latest bond offering drew less demand than previous sales. The surge reveals growing investor fatigue and concerns about whether massive AI spending will translate into profits.

Business5 sources

Big Tech's AI ambitions fuel $300 billion borrowing boom as Wall Street shows investor fatigue

Business5 sources

Oracle expands Google Cloud partnership with AI agent that queries databases in plain English

Oracle and Google Cloud introduced the Oracle AI Database Agent for Gemini Enterprise, enabling users to interact with Oracle databases using natural language instead of SQL. The tool processes queries directly within the database to maintain data security and governance, available at no additional cost for Oracle Autonomous Database customers on Google Cloud.

Technology2 sources

Oracle expands Google Cloud partnership with AI agent that queries databases in plain English

Technology2 sources

Construction delays hit 40% of AI data centers as power infrastructure and labor shortages stall expansion

Satellite imagery reveals nearly 40% of US data centers planned for 2026 face significant delays as tech giants struggle with labor shortages, power infrastructure bottlenecks, and permitting hurdles. Major projects from Microsoft, OpenAI, and Oracle are likely to miss completion dates by over three months, threatening to slow AI expansion despite hundreds of billions in planned investment.

Business12 sources

Construction delays hit 40% of AI data centers as power infrastructure and labor shortages stall expansion

Business12 sources

Oracle's $38 billion AI infrastructure loan nears completion after months of investor struggle

JPMorgan Chase and Mitsubishi UFJ Financial Group are close to completing Oracle's record-shattering $38 billion loan for data center projects in Texas and Wisconsin. But the months-long struggle to distribute the debt across two dozen investors raises questions about market appetite for AI infrastructure financing as Oracle's credit risk surges and the tech giant burns through cash on its ambitious Stargate AI infrastructure contract with OpenAI.

Business2 sources

Oracle's $38 billion AI infrastructure loan nears completion after months of investor struggle

Business2 sources

Oracle shares surge 4% after securing 2.8 GW Bloom Energy deal for AI data centers

Oracle extended its rally with a 4% gain following an expanded partnership with Bloom Energy to procure up to 2.8 gigawatts of fuel cell capacity for AI-driven data centers. The deal addresses critical power constraints in AI infrastructure buildout and includes a $400 million warrant, reflecting Big Tech's strategic shift toward securing reliable energy supply alongside computing capacity.

Business3 sources

Oracle shares surge 4% after securing 2.8 GW Bloom Energy deal for AI data centers

Business3 sources

Oracle launches AI agents to automate enterprise workflows across finance, HR and banking

Oracle unveiled Fusion Agentic Applications powered by specialized AI agents designed to automate business processes across HR, finance, supply chain, and corporate banking. The new systems can reason, decide, and execute tasks autonomously within existing enterprise workflows while maintaining human oversight. Oracle is betting heavily on agentic AI to justify its infrastructure investments amid investor scrutiny.

Technology4 sources

Oracle launches AI agents to automate enterprise workflows across finance, HR and banking

Technology4 sources

Oracle appoints Hilary Maxson as CFO to steer $50 billion AI infrastructure expansion

Oracle has named Hilary Maxson, former CFO of Schneider Electric, as its new chief financial officer effective April 6, 2026. Maxson takes charge as Oracle commits $50 billion in capital expenditure this fiscal year to expand its AI data center footprint. The appointment reinstates a crucial position after a six-month gap and signals Oracle's shift from enterprise software to AI cloud infrastructure at scale.

Business3 sources

Oracle appoints Hilary Maxson as CFO to steer $50 billion AI infrastructure expansion

Business3 sources

Oracle data center secures $16 billion financing after months of investor pushback

Data center developer Related Digital is finalizing $16 billion in financing for a massive Oracle data center in Michigan, designed to power applications for OpenAI. The protracted negotiations reveal growing Wall Street concerns about Big Tech's debt-fueled AI splurge, with Blackstone cutting its equity investment by half and lenders demanding stricter lease terms before committing funds.

Business3 sources

Oracle data center secures $16 billion financing after months of investor pushback

Business3 sources

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