Oracle
American multinational computer technology corporation
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business Mar 6, 2026, 1:00 AM
Oracle cuts thousands of jobs to invest in AI expansion - Oracle employs around 162,000 globally with significant staff in Ireland.
- The company is cutting thousands of jobs to finance AI data center expansion.
- These layoffs signal a strategic shift within Oracle amid the rising demand for AI technology in the industry.
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business Feb 25, 2026, 1:00 AM
Sembcorp faces profit dip amid AI-driven energy demand - Sembcorp Industries reported a 5% decrease in second-half net profit, totaling $448 million.
- The decline was driven by reduced earnings from the gas segment, despite strong performance by renewables.
- The company is optimistic about future growth due to AI-driven energy demand from tech hyperscalers.
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technology Jan 3, 2026, 4:57 PM
University of Phoenix exposes personal data of nearly 3.5 million individuals - The University of Phoenix reported a major data breach affecting about 3.5 million individuals.
- Sensitive personal data, including Social Security numbers and banking information, were compromised due to an Oracle E-Business Suite vulnerability.
- The university is offering free identity protection services to those affected by the breach.
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business Dec 18, 2025, 7:04 PM
TikTok establishes U.S. joint venture to safeguard user data - TikTok has signed binding agreements to form a U.S. joint venture primarily owned by American investors.
- The venture includes Oracle, Silver Lake, and MGX, with a majority-American board overseeing operations.
- This agreement aims to address national security concerns and allows TikTok to continue operating in the U.S.
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business Dec 12, 2025, 6:41 AM
Wall Street's rise continues as Fed cuts interest rates again - Asian shares were up, benefiting from Wall Street's record performances.
- The Federal Reserve cut interest rates for the third time in 2025 to stimulate economic growth.
- Despite gains, concerns linger about the sustainability of investments in AI, exemplified by Oracle's performance.
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business Dec 12, 2025, 6:41 AM
Oracle's AI investments spark concerns over potential bubble - Asian markets are rising alongside Wall Street's record gains, with notable increases in indices such as Japan's Nikkei 225 and Australia's S & P/ASX 200.
- Amidst these gains, significant concerns remain over Oracle's expenditures in artificial intelligence, which some investors speculate may contribute to an emerging tech bubble.
- The current market uptrend does not erase doubts about the sustainability of AI investments, leading to a broader discussion among industry leaders regarding the future of technology funding.
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business Dec 11, 2025, 1:19 AM
Oracle faces turmoil as revenue misses expectations - Oracle's reported revenue of $16.06 billion was below analyst expectations of $16.21 billion, leading to a sharp decline in stock prices.
- The company has faced scrutiny regarding its massive investments in AI infrastructure, particularly amid fears of a potential AI bubble.
- Concerns over Oracle's heavy debt and exposure to key clients like OpenAI have intensified following the revenue miss.
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business Dec 11, 2025, 1:00 AM
Oracle faces skepticism as AI spending strains finances - Oracle's revenue growth of 14% fell short of analysts' expectations despite posting a better-than-expected profit, leading to a stock decline.
- The company is facing scrutiny over its substantial investments in AI, with analysts questioning their long-term profitability and the ability to recover associated costs.
- Investor skepticism continues to build as Oracle's negative free cash flow raises concerns about its financial sustainability moving forward.
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business Nov 17, 2025, 12:41 PM
Oracle struggles as reliance on OpenAI contracts backfires - Oracle faced a significant decline in its market valuation due to a broader tech industry sell-off.
- The company's heavy reliance on contracts with OpenAI contributed to its abrupt stock drop.
- This situation calls into question the sustainability of overly ambitious AI investments in the tech sector.
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2026 All rights reserved