Sources: Crusoe is in active talks to raise ~$3B in a funding round expected to value the startup within the ~$30B range, up from a ~$10B valuation in October
Crusoe, the data center upstart with contracts to supply AI computing power for the likes of Meta Platforms Inc. and Oracle Corp. …
Sources: Crusoe is in active talks to raise ~$3B in a funding round expected to value the company in the ~$30B range, up from a ~$10B valuation in October
Crusoe, the data center upstart with contracts to supply AI computing power for the likes of Meta Platforms Inc. and Oracle Corp. …
Filing: Oracle's global workforce fell by 21,000 employees in the past 12 months to 141,000 as of May 31; the company says AI adoption has led to reductions
Oracle Corp. reduced its workforce by 21,000 employees in the past 12 months, a wider scale than previously known …
A $16B financing for a giant Oracle data center in Michigan has closed, with BofA selling $14B in bonds; Oracle plans to use the campus to power apps for OpenAI
A $16 billion financing for a giant Oracle Corp. data center in Michigan has wrapped after months of stop-and-start negotiations with investors.
A $16B financing for a giant Oracle data center in Michigan has closed, with BofA selling $14B in bonds; Oracle plans to use the campus to power apps for OpenAI
A $16 billion financing for a giant Oracle Corp. data center in Michigan has wrapped after months of stop-and-start negotiations with investors.
Microsoft will lease Crusoe's 900 MW data center in Abilene, Texas, after Oracle and OpenAI reportedly withdrew, with the first building expected by mid-2027
Microsoft Corp. will occupy a data center project previously earmarked for Oracle Corp. and OpenAI, scooping up 900 megawatts …
Sources: Microsoft agrees to a deal with Crusoe to lease a data center in Abilene, Texas, representing ~700 MW of capacity, after Oracle and OpenAI walked away
Microsoft Corp. has agreed to rent a data center project in Texas that was originally being developed for Oracle Corp. and OpenAI …
Sources: Oracle and OpenAI abandoned plans to expand a Stargate Texas data center amid financing disputes; Meta considers leasing the planned expansion site
Oracle Corp. and OpenAI have scrapped plans to expand a flagship artificial intelligence data center in Texas after negotiations dragged …
Sources: Oracle and OpenAI abandoned plans to expand a Stargate Texas data center amid financing disputes; Meta considers leasing the planned expansion site
Oracle Corp. and OpenAI have scrapped plans to expand a flagship artificial intelligence data center in Texas after negotiations dragged …
Sources: Oracle is planning to cut thousands of jobs as soon as March, among its moves to handle a cash crunch from a massive AI data center expansion effort
Oracle Corp. is planning to ax thousands of jobs, among its moves to handle a cash crunch from a massive AI data center expansion effort.