UK consults on rules for using copyrighted content to train AI models
The U.K. government said Tuesday it’s consulting on measures to regulate the use of copyrighted content by tech companies to train their AI models.
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Heard on the Street: Oracle’s AI Spending Boost Comes at a Rough Moment
There’s never a great time to tell investors your bills are going to double. For Oracle, its latest earnings report proved a particularly bad one. Oracle’s [fiscal second-quarter report]( ...
Oracle Posts Lackluster Growth, Denting Cloud Enthusiasm
Oracle Corp. reported quarterly revenue in line with estimates, disappointing investors who have boosted the stock to a record high in recent weeks on enthusiasm for the company’s ascendant cloud business.
Oracle’s rampant cloud growth wasn’t enough for Wall Street, and its stock slides after-hours
Oracle’s net income rose 26% from a year earlier to $3.15 billion. Revenue from cloud services and license support sales increased 12% to $10.8 billion, accounting for 77% of the company’s total, while sales of cloud and on-premises licenses were up 1%, to $1.2 billion.
Oracle slides as it misses Wall Street revenue targets on tough cloud competition
Oracle's shares sank over 8% on Tuesday in premarket trading after its quarterly revenue fell short of expectations, hindered by fierce competition among database and cloud services providers. The cloud computing company is on track to lose about $45 billion in market capitalization at current share price levels of $174.
Oracle Posts Disappointing Growth, Denting Cloud Enthusiasm
Oracle Corp. reported quarterly revenue in line with estimates, disappointing investors who have boosted the stock by 81% this year on enthusiasm for Oracle’s ascendant cloud business. The shares fell ...
Oracle's roaring stock rally cools as latest results fail to live up to the hype
That revenue total likely disappointed investors given the sharp rally in Oracle shares this year that was fueled by optimism over deals with other cloud players as well as general momentum in ...
Oracle CEO Catz Predicts $25B In Cloud Revenue This Fiscal Year
During Oracle’s Q2 2024 earnings call, CEO Safra Catz and CTO Larry Ellison talked AI, GPUs, cloud, database products and more.
Oracle misses quarterly results estimates on stiff cloud competition
Oracle's second-quarter revenue grew less than Wall Street expected on Monday, hit by stiff competition among database and cloud services providers, sending its shares down more than 7% in extended ...
Oracle slides as revenue target miss spotlights tough cloud competition
Oracle's shares tumbled more than 9% on Tuesday after its quarterly revenue fell short of Wall Street expectations, signaling investor concerns over fierce competition in the cloud business amid ...
Oracle Stock Having Best Year Since 1999 on Cloud Momentum
Oracle Corp. is on track for its best year in over two decades because its once-struggling cloud business is being taken seriously by customers and investors.
Oracle stock having best year since 1999 on cloud momentum
Oracle, which reports fiscal second-quarter earnings Monday, has seen that enthusiasm drive its shares up 82% in 2024, which if it continued would be the stock’s largest annual rally since 1999.
Cramer's week ahead: Inflation data and earnings from Oracle, Broadcom and GameStop
CNBC's Jim Cramer walked investors through next week's Wall Street action, highlighting earnings from Oracle, Broadcom and GameStop, as well as new inflation data. He also mentioned earnings from ...
Meta jumps aboard the nuclear-powered data center bandwagon
Meta announced yesterday a request for proposals from nuclear power developers who would help the company add 1 to 4 gigawatts of electricity generating capacity in the U.S. It’s willing to share ...
Traders Game Out TikTok Scenarios for Meta, Alphabet, Oracle
Tech investors are girding for the latest development in TikTok’s legal saga. Social media and search companies like Meta Platforms Inc. have a lot at stake, as does Oracle Corp., which counts TikTok ...
AI startup Cohere to prioritize customized over larger models in enterprise push
Canadian AI startup Cohere, last valued at $5.5 billion, will focus on building tailored models for enterprise users over larger foundation models, the company told Reuters.
Enterprise AI gets closer to data with Couchbase’s new Capella AI services
Couchbase integrates model serving, vectorization, agent catalog and enterprise AI function calling into its cloud database platform to help enterprises overcome deployment challenges.
Oracle database on AWS cloud enters limited preview
Those differences now appear to be a thing of the past. AWS customers can soon run Oracle’s Exadata Database Service on Oracle Cloud Infrastructure on AWS infrastructure, starting with the AWS US East ...
From Jensen Huang to Elon Musk: The biggest wealth gainers of 2024 have added $585 billion to their fortunes
Because Ellison owns some 40% of the cloud applications business, his riches have boomed, reflecting Oracle's more than 83% stock price spike in 2024—with Ellison's net worth growing $83.2 billion ...
UK council still hadn't fully costed troubled Oracle project 2 years in
A UK council had no fully costed and resourced plan in place to deliver a critical Oracle ERP project two years after beginning an SAP-replacement program, one which has seen years of delay with costs ...
AWS bends to Broadcom's will with VMware Cloud Foundation as-a-service
Microsoft, Oracle, and IBM are all doing it. Andy Jassy's rent-a-server shop may have felt it was leaving money on the table Amazon Web Services has introduced a VMware-as-a-service offering that ...
Data centers powering artificial intelligence could use more electricity than entire cities
The power needs of artificial intelligence and cloud computing are growing so large that individual data center campuses could soon use more electricity than some cities, and even entire U.S. states, ...
What to expect during theCUBE’s ‘Cloud AWS re:Invent Coverage’ event: Join theCUBE Dec. 3-5
Advancements in generative and agentic AI innovation are transforming enterprises. Learn more at theCUBE's "Cloud AWS re:Invent Coverage" event.
NetApp’s stock rises after raised profit and sales guidance, citing strong cloud storage demand
NetApp's stock rises after raised profit and sales guidance, citing strong cloud storage demand - SiliconANGLE ...
Crusoe, a rumored OpenAI data center supplier, has secured $686M in new funds, filing shows
Crusoe Energy, a startup building data centers for Oracle, Microsoft, and OpenAI, is in the process of raising $818 million in financing, according to a document filed with the SEC.
What to expect during theCUBE’s ‘Cloud AWS re:Invent Coverage’ event: Join theCUBE Dec. 3-6
Advancements in generative and agentic AI innovation are transforming enterprises. Learn more at theCUBE's "Cloud AWS re:Invent Coverage" event.
Data-center reliance on fossil fuels may delay clean-energy transition
A spike in electricity demand from the world's big data providers is raising a worrying possibility for the world's climate: a near-term surge in fossil-fuel use.
LogicMonitor’s massive $800M raise shows AI is driving the demand for data center monitoring
Data center monitoring firm LogicMonitor has rasied $800 million in a funding round that values the company at $2.4 billion.
Open source vector database vendor targets enterprise AI costs with cloud update
The vendor behind the open source Milvus vector database has a big cloud update designed to improve performance and reduce enterprise AI costs.
Data center monitoring firm LogicMonitor raises $800M at a $2.4B valuation
Data center monitoring firm LogicMonitor has rasied $800 million in a funding round that values the company at $2.4 billion.
Oracle expands integration with Microsoft Azure infrastructure
Oracle Corp. is using Microsoft Corp.’s Ignite conference today to announce that it has expanded the number of its Exadata database-optimized servers and Real Application Clusters colocated in ...
Microsoft launches two data center infrastructure chips to speed AI applications
Microsoft has designed two additional infrastructure chips for its data centers that will help speed artificial intelligence operations and increase data security, it said on Tuesday at its Ignite ...
Microsoft cranks up its AI infrastructure offerings with new VMs, cooling and power delivery tech
Microsoft cranks up its AI infrastructure offerings with new VMs, cooling and power delivery tech - SiliconANGLE ...
Cloud market share shows vendors eyeing a $1T opportunity
Above we show the revenue shares for our eight cloud companies in the combined IaaS/PaaS cloud market at nearly $300 billion projected for 2024. AWS has 36% of this combined market, Microsoft 23% and ...