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.
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.
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.
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.
Workday CEO Aneel Bhusri says Anthropic, Google, and OpenAI use Workday tools and “no amount of vibe coding” could replace them; WDAY is down about 40% YTD
Brody Ford /Bloomberg:NEW
Workday reports Q4 revenue up 14.5% YoY to $2.53B, vs. $2.52B est., and forecasts FY 2027 subscription revenue below estimates
Workday reported a solid fourth quarter, but its subscription outlook was light. — The company reported fourth quarter earnings …
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 @edludlo...
Sources and docs: Microsoft worked with the FBI to track anti-Israel protests, flagged internal emails with words like “Gaza”, deleted posts, and fired staff
Twenty activists urging company to sever ties with Israeli military were arrested last week.
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.”
Sources: Microsoft has halted talks for, or delayed development of, data center projects in Indonesia, the UK, Australia, Illinois, North Dakota, and Wisconsin
The software company has recently halted talks for, or delayed development of, sites in Indonesia, the UK, Australia, Illinois …
HPE reports Q1 revenue up 16% YoY to $7.85B, vs. $7.82B est., Q2 and FY 2025 guidance below est., and plans to cut ~2,500 staff over 18 months; HPE drops 15%+
these factors are affecting its outlook Moneycontrol : HP to lay off 2500 employees to cut cost Tom Jowitt / Silicon UK : HPE To Axe 2,500 Employees, As Outlook Disappoints TechRad...
Docs: Amazon will spend $16B to build two Mississippi data center campuses, up from $10B it announced a year ago, underscoring rising AI infrastructure costs
Bloomberg :
Docs: Amazon will spend $16B to build two Mississippi data center campuses, up from $10B it announced a year ago, underscoring rising AI infrastructure costs
Bloomberg :
Super Micro's stock drops 30%+ after disclosing that auditor Ernst & Young had resigned following months of disagreement over governance and board independence
Super Micro's shares plunged 30% on Wednesday morning after the company disclosed its auditor had resigned following months …
Memo: Zoom plans to cut back on stock-based compensation, saying equity has been issued at a rate that is “not sustainable”, joining peers like Salesforce
Brody Ford / Bloomberg :
Super Micro delays filing its annual financial disclosures, a day after short-seller Hindenburg Research alleged “glaring accounting red flags”; SMCI drops 25%+
- Delay follows Hindenburg short alleging ‘accounting red flags’ — Shares of the server maker tumbled after trading opened
Interviews with 48+ people detail Snowflake and Databricks' intense rivalry, jockeying to be the dominant platform for organizing AI data, and fear of Microsoft
Secret codenames, pugnacious billboards and deal drama mark the competition for data supremacy — Snowflake Inc. was looking for acquisitions. X: @brodyford_ , @brodyford_ , @brod...
Interviews with 48+ people detail Snowflake and Databricks' intense rivalry, jockeying to be the dominant platform for organizing AI data, and fear of Microsoft
Secret codenames, pugnacious billboards and deal drama mark the competition for data supremacy — Snowflake Inc. was looking for acquisitions. X: @brodyford_ , @brodyford_ , @brod...
Interviews with 48+ people detail Snowflake and Databricks' intense rivalry, jockeying to be the dominant platform for organizing AI data, and fear of Microsoft
Secret codenames, pugnacious billboards and deal drama mark the competition for data supremacy — Snowflake Inc. was looking for acquisitions. X: @brodyford_ , @brodyford_ , @brod...
Sources: Snowflake is in talks to acquire Reka AI, which builds LLMs for businesses, for over $1B; report: Reka was valued at ~$300M in a 2023 funding round
- Software company's venture arm has invested in the AI startup — Reka was started in 2022 by researchers from Google, Meta