Oracle rallies after telling investors its AI bet will pay off sooner than expected
Database group projects $30bn in free cash flow by 2029 and will limit additional raising for data centre strategy to $20bn
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Database group projects $30bn in free cash flow by 2029 and will limit additional raising for data centre strategy to $20bn
Oracle issued a revenue forecast for fiscal year 2030 of $225 billion, and said it will limit additional fundraising over that stretch to $20 billion.
The widespread roll-out of artificial intelligence will eventually lead to universal income and will make "everyone wealthier", the executive chairman and chief technology officer of Oracle said on Tuesday. The ubiquitous use of robots across different industries and sectors will enable people to be more productive, Larry Ellison said in a wide-ranging discu
Credit markets will be closely watching updates from Oracle and other hyperscalers later this week. What to expect.
Oracle is integrating OpenAI’s ChatGPT and Codex into its applications and plans to add Google TPUs and OpenAI’s Jalapeño chip to OCI.
Oracle has introduced its new agentic AI applications to take on more complex tasks across industries ranging from supply chains and shipping to restaurants. The applications are part of Oracle Fusion Claw, a governed agentic execution, the company announced on Monday at Oracle AI World in Las Vegas. "AI is no longer limited to telling you what's happening i
Oracle begeht seinen CPU-Patchday im Oktober und verteilt dabei 1295 Sicherheitspatches für diverse Produkten.
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