Oracle is the latest tech company slashing jobs over AI

There’s limited evidence that Oracle is replacing workers with AI en masse—but the company is planning thousands of job cuts while investing tens of billions of dollars in data centers.
Computer Weekly

Oracle cost-cutting points to AI infrastructure gamble

Over the past few weeks, cracks have started to appear in the tech sector’s growth plans for artificial intelligence.

Oracle's TikTok stake sits at just over $2 billion, filing shows

Oracle bought 15% of TikTok's U.S. operations in January after China's ByteDance was forced by U.S. law to divest.

How Oracle's Earnings Impacts Its 2026 Forecast

Discover how Oracle's earnings report could influence its full-year 2026 guidance and long-term growth strategy. Read more here.

Oracle stock spikes 9% as strong Q3 earnings answer Wall Street AI build-out concerns

Oracle CEO Clayton Magouyrk said on an earnings call the company's model of having customers provide data chips for new data center builds is working.
CoinTelegraph

Paradigm reframes Bitcoin mining as grid asset, not energy drain

The cryptocurrency investment firm says Bitcoin mining is being unfairly lumped with AI data centers, arguing miners act as flexible grid demand, not constant energy drains. The rapid buildout of AI ...
AOL

The Digital Gold Rush: How Cloud Mining Could Dominate The 2026 Crypto Landscape

As Bitcoin settles into its fourth mining epoch following the 2024 halving, the barrier to entry for the average investor has shifted from the garage to the data center. While "home mining" has ...
Network World

Oracle may slash up to 30,000 jobs to fund AI data-center expansion as US banks retreat

Oracle is considering cutting 20,000 to 30,000 jobs and selling some of its activities as US banks pull back from financing the company’s AI data-center expansion, according to investment bank TD ...
Austin American-Statesman

Why has TikTok been glitching? Oracle says data center outage led to issues plaguing U.S. users

TikTok users experiencing glitches, trouble logging in and struggles to post content voiced claims of censorship by the app’s new U.S. ownership this week. But Austin-based Oracle Corp. — which is ...
Bloomberg L.P.

Oracle Boosts Data Center Job Forecast After Local Opposition

Oracle Corp. predicted that a massive data center it’s developing for OpenAI in New Mexico will create more jobs than previously announced, another example of tech companies trying promote positive ...
Business Insider

Oracle and OpenAI's AI data centers buildout needs $500 billion, and Wall Street is starting to flinch

Oracle and OpenAI have plans to build $500 billion of data centers in a venture called Stargate. JPMorgan Chase has seen slower investor interest for $38 billion of debt tied to two Stargate sites.
MLive

DTE accepts conditions of contracts to power OpenAI, Oracle data center south of Ann Arbor

This story has been updated with more information. SALINE TWP., MI — DTE Energy Co. has accepted all the conditions that the Michigan Public Service Commission (MPSC) outlined in its conditional ...