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ORACLE CLOUD
Oracle, Quantinuum partner to bring quantum computing to cloudUnder the deal, Oracle Cloud Infrastructure customers will gain access to Quantinuum's Helios quantum computer through OCI's quantum servic...- US stocks may have more room to rally as earnings, AI spending support marketStrong corporate earnings, sustained AI infrastructure spending and easing valuation concerns have strengthened confidence in the US stock ...
- How LIC minted Rs 21,000 crore in mark-to-market gains by betting against AI panic in 3 top IT stocksLIC gained over Rs 21,000 crore from three top software exporters. This paper profit materialized within thirty-five days after a contraria...
- A US cloud computing company reports $703.1 million in revenue, then announces plans to lay off 5% of its workforceNutanix plans to reduce its global workforce by approximately five percent. This strategic move aims to enhance operational efficiency and ...
- The AI competition paradoxChina's open-source AI models are challenging US dominance, driving intense competition. Chinese firms are gaining market share through low...
- Global Market: Oracle's AI spending spree pushes credit rating to brink of junk statusOracle's debt-funded AI expansion has intensified concerns over its financial health, with rating agencies warning of rising leverage as th...
- AI data-centre race builds $1 trillion lease burden for Big TechThe commitments show that a substantial part of Big Tech's AI spending spree has already been locked in, without yet appearing as debt-like...
- What bubble? Amazon enters $3 trillion market cap club, CEO highlights striking AI demandAmazon shares reached a new high, briefly surpassing $3 trillion in market value. This surge followed a strong earnings report and increase...
- Global workforce layoffs now reach Indian shoresThe people said omnichannel retailer Walmart’s restructuring this May affected around 1,000 employees at Walmart Global Tech India, includi...
- US Stock Market: Arm Holdings tops Q2 forecasts on AI demand, shares fall on royalty growth concernsArm Holdings beat quarterly revenue and earnings estimates and issued a stronger-than-expected revenue forecast, supported by robust demand...
- FIIs cut stakes in 7 Nifty IT stocks. Then the index surged 16% in JulyForeign investors reduced stakes in most Nifty IT stocks during the June quarter. Oracle Financial Services Software saw the largest foreig...
- How Oracle's 2012 court defeat became the heart of £270 million lawsuit against MicrosoftPerpetual software license resale: A 2012 European Court of Justice ruling that Oracle lost, establishing that perpetual software licences ...
- Uber cuts 10% customer service jobs as AI becomes latest driver of tech layoffsUber has cut 10% of its customer service workforce, marking the first time the company has directly linked layoffs to artificial intelligen...
- Oracle Financial Services shares jump 5% on strong Q1 results; PAT soars 121%, revenue up 69%Oracle Financial Services Software shares rose 5% on Thursday. The company reported a 121% year-on-year net income increase. Revenue from o...
- US Stock Market: Big tech's AI spending boom raises cash flow concerns despite early returnsAmerica's biggest technology companies are beginning to generate meaningful AI-driven revenue, but surging infrastructure spending is putti...
- Analysis-AI investment boom puts Big Tech's free cash flow under pressureBig tech firms are investing heavily in artificial intelligence infrastructure. Their capital expenditures may soon exceed free cash flow g...
- TikTok US chief security officer to testify before US House on September 15This is the first time a TikTok US executive will testify publicly in the US House since the company's Chinese owner, ByteDance, finalized ...
- Oracle stock in free fall: What's driving the latest selloff and what's next?Oracle shares hit a 52-week low after an S&P credit downgrade raised concerns over heavy AI spending, rising debt and execution risks despi...
- Downfall of a Wall Street darling: Why Oracle shares crashed 65% from peakOracle shares have dropped about 65% from their peak as investors shift focus from AI-driven cloud growth to rising capital expenditure, de...
- This US tech billionaire once begged power companies to keep his electricity on, faced rejection from almost every investor, now owns a $300 million Hawaiian islandLarry Ellison, the co-founder of Oracle, once struggled to pay his electricity bills for his computer and faced investor rejection while bu...
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