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The Latest Breaking News from Oracle

Stargate is back on - OpenAI and Oracle unveil massive data center expansion plans in major AI push

OpenAI confirms Project Stargate is still on, and its first site, Stargate I, is already partly operational in Abilene, Texas.

TechRadar

OpenAI Is Building a Massive New AI Data Center Across the U.S.

OpenAI has partnered with Oracle to develop 4.5 gigawatts of additional data center capacity in the United States under the Stargate initiative. This

Geekflare

Larry Ellison Defended 'Friend' Elon Musk While Others Mocked Him —'You're Saying Elon's An Idiot. The Guy's Landing Rockets! And Who Are You?'

Larry Ellison, co-founder of Oracle, just became the second-richest person in the world with a net worth of $291 billion, pushing past Jeff Bezos and Mark Zuckerberg to sit just behind Elon Musk. But long before either of them topped the rich list, Ellison was one of the few who…

Benzinga

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'It's a Massive Red Flag': Possible Reasons Why Blackstone Allegedly Walked Away From TikTok Deal

Blackstone's reported exit from the TikTok deal highlights major red flags—geopolitical risks, vetting hurdles, and shifting US-China dynamics.

International Business Times UK

OpenAI and Oracle ink deal to build massive Stargate data center, total project will power 2 million AI chips — Stargate partner SoftBank not involved in the project

OpenAI and Oracle plan to add 4.5 GW of U.S. data center power for the Stargate project, boosting total capacity past 5 GW to support millions of AI processors.

Tom’s Hardware

OpenAI's skyrocketing spending could see billions of dollars in silicon headed down the AI mines in the next few years, including 2 million Nvidia chips headed to Texas Stargate facility

That's a lot of graphics cards.

PC Gamer

Elon Musk Says 'They Simply Don't' Have The Funding, Doubts Stargate AI

On Tuesday, major artificial intelligence (AI) chip manufacturers, including Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD), Broadcom (NASDAQ:AVGO), Taiwan Semiconductor Manufacturing Co. (NYSE:TSM), Arm Holdings (NASDAQ:ARM), Marvell Technology (NASDAQ:MRVL), and Qualcomm (NASDAQ:QCOM), traded lower.

Benzinga

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Open AI's massive Project Stargate is already struggling, may be scaled back

OpenAI and SoftBank say Project Stargate is fine, but Oracle says it's not formed yet, alluding to potential delays.

TechRadar

Could Cisco Be The Next Oracle? Jim Cramer Says AI, Cybersecurity Make CSCO A Sleeper Stock Set For Big Revaluation

Renowned TV host Jim Cramer has suggested that Cisco Systems, Inc. (NASDAQ:CSCO) could be in for a significant revaluation, akin to that of Oracle Corp. (NYSE:ORCL).

Benzinga

Nothing Headphone (1) review: Bringing the weird

Nothing’s first foray into headphones is a deft blow to the bow of Sony and Bose’s mighty fleets – but not quite enough to sink anything just yet.

Tom’s Guide

Oracle's Nvidia‑Backed AI Push Set To Upend The Cloud

In a significant industry shift, Oracle Corporation (NYSE:ORCL) is emerging as a formidable player in the AI infrastructure arena, challenging traditional perceptions of its market role. This transformation, highlighted by Scotiabank’s recent endorsement, suggests Oracle’s strategic pivot towards AI and cloud services could redefine its growth trajectory and market valuation.

Benzinga

Nvidia, John Kerry And Google's Jeff Dean Back Startup Promising The Ultimate Virtual Power Plant To Cut Grid Stress

Emerald AI, a new startup funded by Nvidia (NASDAQ:NVDA) and other famous names, announced July 1 that it has developed software that turns energy-intensive data centers into flexible tools for managing electricity demand.

Benzinga

Oracle Just Hit a New 52-Week High. Should You Buy ORCL Stock Here?

Oracle just recorded a fresh high, buoyed by a price target boost. Is ORCL now a buy?

Barchart

Supermicro Launches New AI Servers With Intel Xeon 6 Chips

Super Micro Computer (NASDAQ:SMCI) announced on Wednesday that it has begun shipping advanced 4-socket servers to support large-scale database and enterprise applications.

Benzinga

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TechRadar

OpenAI to move to Google Cloud infrastructure to boost ChatGPT computing power

As OpenAI's exclusive deal with Microsoft comes to an end, Google Cloud joins Oracle, CoreWeave and more to provide cloud infrastructure.

MarketBeat

This Fund Manager Says You Should Get Out of Tesla and Apple—Now

Tech-focused mutual fund manager Vimal Patel suggests rotating out of Tesla and Apple and into Broadcom and Oracle instead. Here's why.

TechRadar

Oracle Java users turning to open source after frequent audits and pricing hikes

Following four price changes between 2020 and 2023, Oracle customers aren't happy with Java pricing - and are seeking alternatives.

Fortune

Larry Ellison surpasses Mark Zuckerberg to become world's second-richest after Oracle doubles down on AI investment

Ellison also amended his Giving Pledge to focus resources on his Oxford-based institute tackling healthcare, hunger, and climate change.

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Benzinga

Oracle's Java Pricing Sparks Mass Migration To Open Source Amid Audit, Licensing Woes

A survey has found that a significant majority of organizations using Oracle Corp.’s (NYSE:ORCL) Java have been audited in the past three years. This has led to a surge in the migration to open-source Java, with many users expressing dissatisfaction with Oracle’s pricing model.

Benzinga

Larry Ellison Surges Past Mark Zuckerberg To Become World's Second-Richest Person As Oracle's AI Deals With OpenAI, US Government Drive Massive Stock Surge

Larry Ellison, Oracle Corp.’s (NYSE:ORCL) co-founder and chairman, has once again overtaken Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg to become the world's second-richest person. This is despite them both having $251 billion net worth.

MarketBeat

Palantir Gets Price Hike From Wedbush Amid High Valuation

Palantir stock nears $150 on AI optimism and analyst upgrades, but its 120x sales valuation raises concerns of a pullback despite record revenue growth

Benzinga

Oracle To Invest $3 Billion In AI And Cloud Infrastructure Expansion Across Germany, Netherlands

Oracle Corp. (NYSE:ORCL) announced on Tuesday it will invest $3 billion over five years in artificial intelligence and cloud infrastructure across Germany and the Netherlands, marking a significant expansion of its European operations as demand for AI services accelerates.

MarketBeat

Insider Selling Hits Market Leaders—Should You Be Worried?

Insider selling in market leaders like NVIDIA, Meta Platforms, and Oracle is offset by robust institutional buying and the analysts.

Benzinga

Salesforce Underperforms Market As Growth Concerns Plague CRM Giant

Salesforce (NYSE:CRM) stock has significantly underperformed the broader tech market this year, plummeting nearly 22% while the SP 500 Information Technology Sector Index has gained 9%.

Benzinga

Boeing, Joby Aviation, Oracle And A Health Care Stock: CNBC's 'Final Trades'

The investment landscape is shifting as companies across various sectors demonstrate resilience and innovation, prompting investors to reassess their portfolios.

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