Oracle Corporation plans mass layoffs affecting thousands of employees to address a cash crunch linked to its AI data center ...

Investors have grown worried about how it would fund the data center expansion needed to serve OpenAI and other customers, including Elon Musk’s xAI and Meta.

By Forbes estimates, the elder Ellison, who is also Oracle’s largest shareholder, doesn’t have enough cash on hand to fulfill his part of Paramount’s $111 billion offer for Warner Bros. Discovery.

According to Reuters, Warner Bros. agreed to be acquired by Paramount Skydance in a $110 billion deal signed Friday, with ...

A large majority of technology professionals in Southeast Asia are moving their companies away from Oracle’s Java software, driven by rising licensing costs and the need to free up budget for ...

Oracle cofounder Larry Ellison has seen an unrivaled $49 billion wiped off his net worth this year. His fortune shrank by about $9 billion to below $200 billion on Wednesday as Oracle stock slid 5%.

Larry Ellison has seen an unmatched $49 billion wiped off his net worth in 2026, as this week's software rout deepened his wealth decline. Oracle's cofounder and tech chief was worth $199 billion at ...

Oracle (ORCL) on Sunday said it expects to raise $45B to $50B in 2026 to build additional capacity for its cloud infrastructure business. Shares in the software company rebounded to gain 4% after ...

Feb 1 (Reuters) - Oracle (ORCL.N), opens new tab expects to raise $45 billion to $50 billion in 2026 to build additional ‌capacity for its cloud infrastructure, the software company said on Sunday.

However, Larry Ellison does not actually “control” the TikTok U.S. joint venture or its content-recommendation algorithm. Oracle is one of several investors in the JV and holds a 15% stake. In ...

TikTok is now majority-owned by a group of U.S.-backed investors, including Oracle, Silver Lake, and MGX. The app's former owner, Chinese company ByteDance, retains a ...

A major Trump billionaire ally is now the partial owner of the social media platform TikTok. A group of investors including Larry Ellison’s company Oracle agreed to a $14 billion deal to give them ...