The AI boom has produced plenty of big numbers and bold headlines—but few rival “Stargate,” the massive data center project ...

Oracle's overall revenue increased 22% year over year in the fiscal third quarter, which ended on Feb. 28, according to a statement. Net income rose to $3.72 billion, or $1.27 a share, from $2.94 ...

Despite cancelling the planned 600-MW expansion at the Abilene site, Oracle and OpenAI’s broader plan to build 4.5 gigawatts of AI data centre capacity remains on track.

Oracle on Tuesday delivered a quarterly top- and bottom-line beat on the back of strong growth in its cloud computing business. The company also raised its fiscal 2027 revenue guidance, sending its ...

Last year, Oracle (NYSE:ORCL) announced a massive, $500 billion data center project in Texas that signed on major AI stocks as partners. The Stargate initiative was positioned as a transformative leap ...

Oracle and OpenAI have canceled plans to expand a flagship AI data center project in Abilene, Texas, after negotiations over ...

A data center project reportedly triggered a "cash crunch." The post Oracle Axing Huge Number of Jobs as AI Crisis ...

Investors are concerned about the scale of their data center spending. And when it comes to AI spending risk, Oracle is often held up as the poster child. The company has seen its stock drop by more ...

CNBC's Seema Mody reports on news regarding OpenAI.

As the cloud giant spends billions on the AI race, it reassures investors that it is still "very good" at doing things on the cheap.

Oracle is reportedly planning significant job cuts, potentially thousands, to manage a growing cash crunch fueled by its ...