Nutanix plans to reduce its global workforce by approximately five percent. This strategic move aims to enhance operational efficiency and ...

China's open-source AI models are challenging US dominance, driving intense competition. Chinese firms are gaining market share through low...

Oracle's debt-funded AI expansion has intensified concerns over its financial health, with rating agencies warning of rising leverage as th...

The commitments show that a substantial part of Big Tech's AI spending spree has already been locked in, without yet appearing as debt-like...

Amazon shares reached a new high, briefly surpassing $3 trillion in market value. This surge followed a strong earnings report and increase...

The people said omnichannel retailer Walmart’s restructuring this May affected around 1,000 employees at Walmart Global Tech India, includi...

Arm Holdings beat quarterly revenue and earnings estimates and issued a stronger-than-expected revenue forecast, supported by robust demand...

Foreign investors reduced stakes in most Nifty IT stocks during the June quarter. Oracle Financial Services Software saw the largest foreig...

Perpetual software license resale: A 2012 European Court of Justice ruling that Oracle lost, establishing that perpetual software licences ...

Jefferies strategist Chris Wood warns that the AI infrastructure boom could trigger massive capital destruction as cheaper Chinese open-sou...

Uber has cut 10% of its customer service workforce, marking the first time the company has directly linked layoffs to artificial intelligen...

Oracle Financial Services Software shares rose 5% on Thursday. The company reported a 121% year-on-year net income increase. Revenue from o...

America's biggest technology companies are beginning to generate meaningful AI-driven revenue, but surging infrastructure spending is putti...

Big tech firms are investing heavily in artificial intelligence infrastructure. Their capital expenditures may soon exceed free cash flow g...

This is the first time a TikTok US executive will testify publicly in the US House since the company's Chinese owner, ByteDance, finalized ...

Oracle shares have dropped about 65% from their peak as investors shift focus from AI-driven cloud growth to rising capital expenditure, de...

Larry Ellison, the co-founder of Oracle, once struggled to pay his electricity bills for his computer and faced investor rejection while bu...