Oracle Rides Major Deals With OpenAI, Nvidia to Turn Around Cloud Business
Oracle Corp.’s Larry Ellison used to scoff at the idea of cloud computing, saying in 2008 that it was “complete gibberish.”
Sign up for ARPU: Stay ahead of the curve on tech business trends.
Oracle, Google cloud units strike deal for Oracle to sell Gemini models | Reuters
Oracle and Alphabet said on Thursday their cloud computing units have struck a deal to offer Google's Gemini artificial intelligence models...
Secret Snowflake AI Revenue Figure Shows Brand-Name LLMs Reign Supreme
... Anthropic.That's prompting database providers like Snowflake, Databricks and Oracle to strike deals allowing database customers to use the ...
Oracle Cuts Cloud Division Jobs Amid Surge in AI Spending - Bloomberg.com
The overall cuts were first reported by DatacenterDynamics, an industry news publication. Many tech giants have sought to deal with the surging...
OpenAI expands Oracle data center deal, says parts of Stargate 1 in Texas are operational
... news conference in the Roosevelt Room of the White House on January 21, 2025 in Washington, DC. Andrew Harnik | Getty Images. Oracle and OpenAI...
OpenAI agreed to pay Oracle $30B a year for data center services - TechCrunch
The news caused Oracle's stock to hit an all-time high, making its founder and CTO, Larry Ellison, the second richest person in the world, according...
Oracle to Supply OpenAI With 2 Million AI Chips for Data Centers - Bloomberg
OpenAI expects to have more than 5 gigawatts total in capacity, running on more than 2 million chips for AI ... Provide news feedback or report an error.
OpenAI, Oracle deepen AI data center push with 4.5 gigawatt Stargate expansion | Reuters
... AI infrastructure site, a collaboration ... The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news.
Oracle in Talks for $100 Million Skydance-Paramount Cloud Deal - Bloomberg
Oracle Corp. is in discussions with Skydance Media LLC for a major software deal once the media company's acquisition of Paramount Global is...
Oracle Said to Move Ahead With Cloud Services Plan in Indonesia
Oracle Corp. will partner with DayOne Data Centers Singapore Pte to establish its first cloud services center in Indonesia, people familiar with the matter said, boosting its partnership with a key regional operator that counts TikTok owner ByteDance Ltd as its largest customer.
ByteDance denies accepting Oracle deal ahead of deadline for TikTok sale
TikTok owner ByteDance has denied a recent report that it agreed to sell its US operations to a consortium led by Oracle, according to multiple Chinese media.
On Monday, Chinese media GeekPark published an article saying that the Beijing-based social media giant had given the nod for a sale to a group led by Oracle, in which it would maintain a minority stake. The article has since been removed.
Meanwhile, the company is reportedly working on new versions of the popular short video app, as well...
OpenAI is getting even more computing power from Oracle as part of Stargate. | The Verge
[Link: Oracle, OpenAI Expand Stargate Deal for More US Data Centers | https://www.bloomberg.com/news/articles/2025-07-02/oracle-openai-ink...
OpenAI confirmed to be behind $30bn-a-year Oracle cloud deal, 4.5GW expected across ...
It is searching for sites for other projects across the world. Subscribe to The Cloud & Hybrid Channel for regular news round-ups, market reports, and...
Oracle, OpenAI Expand Stargate Deal for More US Data Centers
OpenAI has agreed to rent a massive amount of computing power from Oracle Corp. data centers as part of its Stargate initiative, underscoring the intense requirements for cutting-edge artificial intelligence products.
