Earlier this week, Oracle announced it had signed a single cloud computing contract worth $30bn in annual revenue beginning in 2028, without naming the customer. People close to the matter confirmed ...

The deal expands OpenAI's 'Stargate' initiative, which aims to enhance computing resources for advanced AI model development.

Oracle has signed up a cloud customer to spend more than $30 billion a year from FY28. The deal, revealed in a regulatory ...

Oracle shares soared to a record high, as the database giant announced a $30bn cloud computing contract worth nearly triple the annual revenue it generates from its fastest-growing division. The tech ...

Masayoshi Son is envisioning a massive AI and robotics industrial zone in Arizona, potentially costing $1 trillion. This 'Arizona AI megaproject' aims to establish a US-based manufacturing ecosystem, ...

SOFTBANK Group Corp founder Masayoshi Son is nothing if not willing to make the kind of bold bets that other investors might ...

Oracle is cutting the cost of its database software and cloud-computing service for the federal government, making it the ...

The company has secured an agreement with a yet-to-be-named company, which some speculate could be OpenAI or an equivalent. But analysts say the move won’t impact its capacity to serve its other ...

The project is in line with the multinational investment holding company’s aggressive strategy for investing in AI. This comes after the company pledged a $19 billion investment to the ambitious $500 ...

From Malibu to Lanai, Oracle cofounder Larry Ellison’s nearly $2 billion real estate holdings are as ambitious as his ...

Larry Ellison co-founded Oracle in 1977 and has been a major force in Silicon Valley for decades. He served on Tesla’s board of directors from 2018 to 2022, cementing ties with some of the ...

The additional $30 billion in sales starting in fiscal 2028 will bring the company's top line to $97 billion, assuming that ...