Oracle Shares Climb as Company Cuts Jobs to Invest in AI
Oracle shares rose as the company plans layoffs to redirect capital toward AI data center investments.
Oracle shares rose as the company plans layoffs to redirect capital toward AI data center investments.
Iran’s IRGC has threatened attacks on major U.S. tech companies operating in the Middle East, raising concerns over AI infrastructure security.
President Donald Trump has appointed top tech executives, including leaders from Meta, Nvidia, and Oracle, to a council shaping U.S. AI policy and strategy.
Microsoft has agreed to lease a major AI data center project in Texas previously linked to Oracle and OpenAI. The move highlights ongoing shifts in infrastructure strategy for generative AI.
OpenAI is reportedly closing a funding round expected to exceed $100 billion, potentially boosting its valuation beyond $850 billion as it invests heavily in AI infrastructure.
Oracle aims to raise $50 billion via equity and debt to fund AI infrastructure and data-center growth, easing investor concerns about financing its OpenAI partnerships.
Over 450 tech workers from Google, Meta, OpenAI, and other firms urge CEOs to push the White House to end federal ICE operations in U.S. cities.
OpenAI has unveiled the Stargate Community plan to ensure its AI data centers do not raise local electricity costs while expanding energy infrastructure.
The Trump administration launched the U.S. Tech Force, a 1,000-person engineering corps to support AI and other tech projects across federal agencies.
Nvidia’s strong earnings reignite AI bubble fears, but analysts say the boom has years of runway as real demand, revenue growth, and new AI use cases accelerate.
SoftBank plans to invest up to $3 billion to convert an Ohio EV plant into a facility producing modular data center equipment for OpenAI’s expanding U.S. infrastructure.
Oracle’s bonds are under pressure after reports indicated the company may take on an additional $38 billion in debt to expand its AI and cloud infrastructure, raising concerns among investors.
Anthropic will spend $50 billion on custom AI data centers in Texas and New York, partnering with Fluidstack to boost U.S. compute capacity and support its long-term research.
nvestor Michael Burry alleges that major AI infrastructure firms are overstating profits by extending chip depreciation timelines, potentially inflating industry earnings by $176 billion.
HSBC and General Atlantic executives caution that AI investments are accelerating faster than revenue, creating risks of overvaluation and slow productivity gains.