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 ...

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

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

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 ...

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

The company recently committed $19 billion to Trump’s Stargate Project, a $500 billion AI infrastructure initiative backed by OpenAI CEO Sam Altman and Oracle’s Larry Ellison. SoftBank has ...

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 ...

In 2022, Oracle was part of a group of cloud providers including Amazon, Google and Microsoft, that were awarded a major ...

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 ...

Ellison cuddles up to federal wallets Oracle is slashing prices for its software and cloud services to please the Trump ...

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 ...