Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Brody Ford looks at one of the downsides of Oracle’s leap into ...
Oracle shows strong growth, with a $455B RPO and its combination of AI and cloud capabilities supports solid revenue momentum. The company carries high bank debt, plans $35B in CapEx, and reported ...
Oracle likely will remain the cloud computing provider for TikTok, the social media app run by China-based ByteDance, in a deal that provides an important plank of financial support as the tech giant ...
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Oracle’s Expensive AI Makeover Is Worth It
Spending a lot of money to hopefully make a lot more money has quickly become the norm in artificial intelligence. Oracle will be taking that to a whole other level. The software giant rocked Wall ...
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Oracle's Deal With OpenAI Pushes Market Cap Above $900B, But Concerns Over Debt And Cash Burn Linger—Is It Worth the Gamble?
Oracle’s $300 billion AI bet has reshaped its outlook, but it comes with major risks, according to The Wall Street Journal. The software giant reported a record $317 billion jump in future obligations ...
A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. The catalyst wasn’t a flashy product rollout or a surprise earnings beat — in ...
Oracle reportedly signed a $300 billion cloud infrastructure deal with OpenAI. OpenAI doesn't have that kind of money, so enormous funding rounds are going to be necessary. If OpenAI hits any snags, ...
In February 2021, my Tech Trader predecessor, Eric Savitz, published a cover story about an up-and-coming cloud giant that was also a legacy software free-cash-flow machine: Oracle. It was founded in ...
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