March 6 (Reuters) - Oracle and OpenAI have abandoned plans to expand a flagship artificial intelligence data center in Texas after negotiations dragged over financing and OpenAI's changing needs, Bloomberg News reported on Friday,

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 Cowen. The job cuts would free up $8 billion to $10 ...

Oracle Corp. today announced the general availability of Oracle AI Database 26ai and Oracle Autonomous AI Lakehouse, both aimed at supporting artificial intelligence training and inference across cloud and on-premises environments. Oracle said the releases ...

Artificial Intelligence (AI) and High Performance Computer (HPC) mining stocks are rallying pre-market following news of the largest AI infrastructure financing on record, according to Bloomberg. Cipher Mining (CIFR) and IREN (IREN) are both up 7%, while ...

At Oracle AI World, Larry Ellison delivered a keynote blending grand AI vision with Oracle's practical enterprise solution: using RAG and vectorization to let companies safely apply AI models to their private data without exposing it, leveraging Oracle's ...

‘Today, we are faced with a once-in-a-generation moment where AI changes everything,’ Oracle co-CEO Mike Sicilia says. Greater hardware flexibility, deepening multicloud partnerships, allowing enterprises to securely leverage private data for ...