cio.economictimes.indiatimes

Oracle sued by bondholders over losses tied to AI buildout

Oracle was sued on Wednesday by ‍bondholders who say they suffered losses because the company chaired by billionaire Larry Ellison ⁠concealed its need to sell significant additional debt to build out ...
Reuters

Oracle says data center outage causing issues faced by US TikTok users

WASHINGTON, Jan 27 (Reuters) - Oracle (ORCL.N), opens new tab on Tuesday said issues faced by U.S. users of social media app TikTok are the result of a temporary weather-related power outage at an ...
CIO

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 ...
IBTimes UK

Quick Facts About Larry Ellison: Net Worth, Career Highlights and Why He Rushed to Paint Over Vessel's Name

Larry Ellison, the billionaire co-founder of Oracle, has attracted unexpected attention after the name of his superyacht sparked controversy online. The incident, which centred on the vessel's ...
Reuters

TikTok seals deal for new US joint venture to avoid American ban

WASHINGTON, Jan 22 (Reuters) - TikTok's Chinese owner, ByteDance, on Thursday said it has finalized a deal to establish a majority American-owned joint venture that will secure U.S. data, to avoid a U ...