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The Latest Breaking News from OCI

Oracle Stock Pops 25% Despite Earnings Miss. Its AI Cloud Backlog Is Surging.

Oracle stock surged after the database software giant gave a bullish outlook for its cloud computing business.

Investors Business Daily

Oracle Stock Tests Key Support Level With Earnings On Deck. Here Are Numbers To Watch.

Oracle stock is ahead 40% since the start of June, with its fiscal Q1 report due Tuesday to put its rally to the test.

Investors Business Daily

Oracle Stock Slides In Choppy Market For AI Stocks. What To Watch Next.

Oracle is trading lower in a down day overall for AI stocks.

Investors Business Daily

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Oracle can now sell Gemini models following major Google Cloud deal

Oracle Cloud Infrastructure customers can now access Gemini models as it builds a multi-vendor strategy.

TechRadar

Oracle Stock Falls Below Key Level Amid Cloud Layoffs Report

Oracle stock was lower Wednesday after the tech company reportedly cuts jobs within its fast-growing cloud infrastructure business.

Investors Business Daily

Bloom Energy Stock Jumps On Deal To Power Oracle's AI Data Centers

Shares of Bloom Energy Corp (NYSE:BE) are surging Thursday morning after the company announced a collaboration with Oracle Corp (NYSE:ORCL). Bloom will deploy its proprietary fuel cell technology to provide onsite power for select Oracle Cloud Infrastructure data centers across the U.S.

Benzinga

Byju Raveendran held guilty of contempt by US court, civil sanctions imposed

Byju Raveendran, the co-founder of ed-tech giant BYJU’s, was held guilty of contempt by the Delaware Bankruptcy Court in the US on Monday, July 7. The court also imposed civil sanctions worth USD 10,000 per day on him beginning July 1. Byju had maintained that the Delaware court does not…

Newslaundry

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Making every second count - how Oracle is keeping Red Bull Racing at the top of the Formula 1 game

Oracle and Red Bull Racing partnership continues to go from strength to strength.

TechRadar

Why Is xAI Moving Grok to Oracle Cloud?

xAI and Oracle have partnered to bring Grok models to the Oracle Cloud Infrastructure (OCI), making them available through Oracle's Generative AI

Geekflare

Oracle Earnings On Deck. Microsoft, CoreWeave Results Point To 'Comeback Quarter:' Analyst

Oracle stock is gaining with earnings due later this week.

Investors Business Daily

Death, violence and endless delay: Inside Africa’s most troubled energy project

IN FOCUS: Africa’s largest natural gas project was expected to drive Mozambique’s economy to new heights. The reality has been far different, writes Nick Ferris

The Independent UK

UK windfall tax can fund switch to green jobs for North Sea oil workers – report

Exclusive: Campaigners call for energy profits levy to be made permanent to enable ‘just transition’ from fossil fuels

The Guardian - UK

The Future of Peoplesoft Embraces Cloud Native Technologies

Customer application development has shown that cloud-native structures deliver improved operational efficiency and unlimited growth capabilities and reduced operational expenses. A discussion follows about cloud-native transformations of PeopleSoft systems with attention to containerization and cloud migration and micro services along with AI-based automation.

inkl

US journalist sues Indian government after losing his overseas citizenship

Raphael Satter had his OCI card taken away after publishing a story critical of an Indian businessman

The Guardian - UK

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Investors Business Daily

Oracle AI Push Lands Meta As Customer. But Stock Falls On Narrow Earnings Miss.

Oracle stock fell on an earnings miss but analysts highlighted continued momentum for it AI push.

Benzinga

Oracle Juggles GenAI Ambitions, Tight IT Budgets: What's Next For The Stock?

Oracle faces challenges as it pursues GenAI and cloud growth with cautious IT budgets. Stock target of $140 by 2025 suggests tempered outlook.

TechRadar

AMD lands yet another major cloud deal as Oracle adopts thousands of Instinct MI300X GPUs to power new AI supercluster

Oracle Cloud Infrastructure will add the AI accelerator to its selection of bare metal instances.

Tom’s Hardware

Elon Musk and Larry Ellison begged Nvidia CEO Jensen Huang for AI GPUs at dinner

Larry Ellison talked about how he asked Jensen Huang over dinner to give him 131,072 Blackwell GPUs for the planned Zettascale Oracle Supercluster.

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news in one place.

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Tom’s Hardware

Nvidia and Oracle team up for Zettascale cluster: Available with up to 131,072 Blackwell GPUs

Oracle says Nvidia's Blackwell GPUs will be available in 2025 as it announces Zettascale cluster powered by up to 131,072 Blackwell GPUs.

Investors Business Daily

Oracle Stock Breaks Out On AI Growth, Cloud Partnership With Amazon

Oracle stock jumped after it reported a Q1 earnings beat and revealed plans to partner with cloud-services rival Amazon.

Investors Business Daily

Oracle Earnings Report, Cloud Conference To Put AI Push In Focus

Oracle is looking to build on a strong 2024 when it publishes earnings and hosts a customer conference next week.

The Guardian - US

US leads wealthy countries spending billions of public money on unproven ‘climate solutions’

Exclusive: Over $12bn in subsidies awarded for technologies like carbon capture experts call ‘colossal waste of money’

TechRadar

When light meet bytes: Intel debuts crucial optical tech that will boost AI performance — OCI chiplet can move up to 4Tbps and consume nearly 70% less power than rivals

Intel has unveiled its optical compute interconnect (OCI), the industry's first fully integrated bidirectional optical I/O chiplet.

Newslaundry

‘No reason provided’: Another French journalist says ‘forced to leave’ India

Sébastien Farcis, a French journalist who was the India correspondent for Radio France Internationale and Libération, has claimed that he was forced to leave the country with the Ministry of Home Affairs denying the renewal of his journalist permit. “No reason has been provided to justify this work ban,” he…

TechRadar

Apple Intelligence may be reason why OpenAI wants Microsoft to work with archrival Oracle — Azure may be feeling the pinch as iOS 18 AI-focus means far more GPUs are required

Oracle, Microsoft and OpenAI are joining forces to meet the expected demand from Apple Intelligence.

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