Blue Owl Won’t Back $10 Billion Oracle Data Center Deal
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Oracle Cloud Infrastructure is launching the first public cloud instances powered by Ampere Computing’s custom, Arm-compatible AmpereOne M processors after the tech giant sold its minority stake in the chip designer to SoftBank Group.
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Delays? What delays? Oracle insists its $300B cloud contract with OpenAI is on track
And don't sweat the debt either, we've got plenty of capital at our disposal Despite Wall Street jitters and reports to the contrary, Oracle insists its $300 billion datacenter deal with OpenAI is on track and proceeding on schedule.
Oracle is forecasting its cloud infrastructure revenue will soar to $166 billion by fiscal 2030, potentially accounting for nearly three-quarters of its total sales. The optimistic outlook was shared by CEO Clay Magouyrk during a meeting with financial ...
Oracle Corp. today disclosed that it has won a cloud contract worth more than $30 billion annually. Shares of the company jumped almost 9% on the news at one point. It ended the trading session up 4%. According to a regulatory filing, the cloud contract is ...
Oracle ORCL is making a bold push into the cloud, positioning it as the cornerstone of its next growth phase. In the fourth quarter, total cloud revenues climbed 27% year over year, contributing to a 24% annual increase in fiscal 2025. Looking ahead ...
Larry Ellison, now Oracle's CTO, has played a major role in helping the company win AI cloud deals and pivot beyond legacy software Oracle projects that its Oracle Cloud Infrastructure business will reach $144 billion in revenue by the end of the decade.
Site automation, agentic artificial intelligence and cloud connectivity will continue to change the role of the contractor from one of builder to conductor of all construction processes in 2026.
Oracle projects cloud infrastructure revenue will explode from $10 billion to $144 billion by 2030, outpacing AWS and Azure at comparable stages. The company's $455 billion backlog and multibillion-dollar AI contracts with OpenAI, Meta, and Nvidia provide ...
Oracle tightened its embrace of the Cloud Native Computing Foundation (CNCF), announcing a curated set of open source software plucked from CNCF’s menu of projects. The CNCF projects are part of what Oracle is calling its Linux Cloud Native Environment.