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Keywords: Oracle
Oracle has reduced its global workforce by approximately 21,000 employees over the past fiscal year as part of a major restructuring driven by artificial intelligence adoption and the expansion of cloud infrastructure operations. According to the company’s annual report, the U.S.-based software......
French authorities have opened a criminal investigation into suspected manipulation of a weather sensor at Paris Charles de Gaulle Airport after unexplained temperature spikes coincided with profitable bets on Polymarket. The incidents, recorded earlier this month, generated roughly 34,000 dollars in......
Oracle has announced the launch of its first public cloud region in North Africa, located in Casablanca. The announcement was made on the sidelines of Gitex Africa, marking a significant milestone for the region’s digital infrastructure. This new cloud region will provide Moroccan businesses,......
Technology companies Oracle and OpenAI have reportedly abandoned plans to expand a major artificial intelligence data center project in Texas, highlighting the complex financial and strategic challenges surrounding large-scale AI infrastructure. The decision concerns a planned expansion in Abilene,......
Global investors are retreating from artificial intelligence stocks as anxiety mounts over extreme valuations, rising capital costs, and questions about whether massive infrastructure spending will yield sustainable profits. The market correction, which began earlier this month, has intensified across......
Global markets faced renewed turbulence as a sharp selloff in artificial intelligence-related stocks deepened, erasing billions in market value and triggering a broader rotation away from the technology sector. The downturn, marked by steep losses across Wall Street and major Asian exchanges, underscored......
Oracle has announced the appointment of Clay Magouyrk and Mike Sicilia as co-CEOs, marking a pivotal leadership transition as the tech giant intensifies its focus on artificial intelligence (AI) and cloud computing. Safra Catz, the current CEO, will assume the role of executive vice chair of the board......
US President Donald Trump has announced a new 90-day extension for TikTok to secure a buyer outside of China, marking the third postponement of a planned ban on the app. This decision delays the federal mandate, initially set to take effect before Trump's inauguration in January, which required TikTok......
Newly inaugurated U.S. President Donald Trump has announced the launch of "Stargate," a sweeping initiative aimed at bolstering the nation’s artificial intelligence (AI) capabilities. The project, described as the largest AI infrastructure endeavor in history, will be funded by major......