Sources: Oracle is on the hook for tens of billions to build unprecedentedly large data centers, including $1B+ per year on a gas-powered megasite in West Texas
Oracle Corp.'s Larry Ellison used to scoff at the idea of cloud computing, saying in 2008 that it was “complete gibberish.”
In a first, Larry Ellison passes Bill Gates to become the world's fourth-richest person with a $129.8B net worth; ORCL has risen 42% in 2023 on the AI boom
The optimism around artificial intelligence boosted both Oracle Corp.'s stock — and founder Larry Ellison's net worth — to record highs on Monday.
Trump says he has approved Oracle's bid for the US operations of TikTok “in concept”
- TikTok app store ban put on hold for a week after Trump nod — New TikTok Global to donate $5 billion to education foundation — Donald Trump gave his blessing to Oracle Corp.'s bid …
Sources: Oracle's bid for TikTok falls short of addressing Trump administration's national security concerns; a final decision has not yet been reached
Oracle Corp.'s bid for TikTok falls short of resolving concerns of Trump administration officials that the Chinese-owned video-sharing app poses …
Oracle reports $9.2B in Q3 revenue, with SaaS and PaaS revenues up 73% to $1B and total cloud revenues up 62% to $1.2B
Rapid growth in cloud computing revenues helped lift Oracle Corp.'s fortunes in its third fiscal quarter reported today, as its profits easily beat forecasts on a 2 percent rise in revenues.