Tech giant Oracle revealed that it has cut tens of thousands of jobs because of artificial intelligence. In its latest regulatory filing, the database and cloud infrastructure provider revealed it has ...

Quick ReadORCL sits 49% below its 52-week high at $175 while a $638 billion AI backlog, up 363% year over year, locks in ...

Oracle shed 13% of its workforce while spending $55.7 billion on data centres. Its SEC filing explicitly cites AI adoption as the cause of job losses.

Oracle credited most of the RPO increase to large-scale AI contracts where customers prepaid for graphics processing units or supplied their own GPUs to Oracle. Those prepaid or supplied GPU customers ...

Oracle has been my focus this month, and the recent selloff has only sharpened that focus. The stock has dropped 29.45% since ...

For the full year, Oracle reported $23.7 billion in negative free cash flow, while depreciation almost doubled to $7.62 ...