Oracle, whose expenses are rising as it begins to fulfill massive cloud infrastructure deals, turned cash flow negative this year for the first time since 1992
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg's journalists around the world. X: @brodyford_ , @edludlow , @danielnewmanuv , and @edludlow X: Brody Ford / @brodyford_ : Oracle is planning its largest restructuring (layoffs) plan as it spends big on data centers for OpenAI. $ORCL https://www.bloomberg.com/... Ed Ludlow / @edludlow : As @BrodyFord_ writes: it's unsurprising that Oracle — a famously margin-focused company — is now looking to trim spending in other parts of its business. https://www.bloomberg.com/... Daniel Newman / @danielnewmanuv : $ORCL confirming what we knew. To build the AI FUTURE means the end of less efficient business models. More AI and less people. This is the trend line. 😮💨 Ed Ludlow / @edludlow : Oracle and Cash 🧵 Oracle is raising $15B in bonds — split across seven parts, including a rare 40-year note. Initial pricing: ~165 bps over Treasuries on the ultra-long piece. https://www.bloomberg.com/... [image]