Oracle Agrees That AI Is Challenging the SaaS Model. Here's Why Oracle Thinks It's the Disruptor, Not the Disrupted.

Oracle has transitioned from a software licensing business to a high-margin, subscription-based database and database management software company, to now a major player in cloud computing, with OCI ...

Oracle stock spikes 9% as strong Q3 earnings answer Wall Street AI build-out concerns

Oracle CEO Clayton Magouyrk said on an earnings call the company's model of having customers provide data chips for new data center builds is working.

Oracle rallies as strong revenue forecast eases concerns over massive AI bets

Oracle shares surged about 12% on Wednesday after the software giant's upbeat revenue forecast eased concerns over its hefty ...
Investopedia

Oracle Is Raising Billions to Fund Its AI Buildout. Today, Investors Are Cheering

Colin is an Associate Editor focused on tech and financial news. He has more than three years of experience editing, proofreading, and fact-checking content on current financial events and politics.
Benzinga.com

Microsoft Revealed As Controversial Data Center Developer In Michigan Township

Microsoft Corporation (NASDAQ: MSFT) has come forward as the company behind a contentious $1 billion data center project in a Michigan township, a revelation that follows local pushback and ...
Barron's

Oracle Stock Falls After Report on AI Data-Center Funding Talks

Two companies at the center of the artificial-intelligence data center investment boom are parting ways, according to a report from the Financial Times. Oracle and alternative investments firm, Blue ...
Business Insider

Alphabet set to buy data center, energy infrastructure developer Intersect for $4.75 billion in cash

Alphabet announced an plan to buy Intersect for $4.75 billion to secure power for US data centers. The move comes as tech firms face rising grid constraints and AI infrastructure project delays.
Bloomberg L.P.

Oracle and OpenAI Win Michigan Approval to Power New Data Center

Michigan regulators unanimously approved a request from utility DTE Energy Co. to power a massive data center development planned by Oracle and OpenAI, during a contentious hearing where some members ...
MLive

Oracle might have different backer for OpenAI data center after major investor backs out

SALINE TWP., MI — Reports have surfaced that funding for a controversial hyperscale data center project in a rural Michigan community near Ann Arbor is up in the air. But a Big Tech giant and its ...
Reuters

Oracle says Michigan data center project talks on track without Blue Owl

Dec 17 (Reuters) - Oracle said talks for an equity deal to support its Michigan data center project remain on schedule and do not include Blue Owl Capital, after a report of stalled negotiations with ...
Seeking Alpha

Oracle slides on uncertainity over $10B Michigan data center financing

Oracle (ORCL) shares slid around 6% after the Financial Times reported that talks with private capital group Blue Owl Capital (OWL) to finance a planned $10B data center in Michigan collapsed. This ...