Oracle and OpenAI have abandoned plans to expand a flagship artificial intelligence data center in Texas after negotiations dragged over financing and OpenAI's changing needs, Bloomberg News ...
OpenAI and Oracle pause Abilene data center expansion as Meta eyes leasing the added 0.8GW in the Stargate Project.
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Some of the cuts will be aimed at job categories that the company expects it will need less of due to AI, two of the people ...
Investors have grown worried about how it would fund the data center expansion needed to serve customers including OpenAI, Elon Musk's xAI and Meta.
Oracle will report third-quarter results on Tuesday. Its shares fell more than 15% last year, with its December results showing about $10 billion in cash burn for the first half of the fiscal year.
Oracle plans thousands of layoffs as it ramps AI data center spending and targets $45–$50B for cloud capacity.
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