A key New Mexico natural gas pipeline project that would supply power-generation systems for a planned Oracle Corp. data center project has been delayed and is now expected to enter service next year.
Oracle Corp. and Stellantis NV are among a group of high-grade companies with debt that has recently traded close to junk levels. This situation is putting the bond market on watch for a new era of fallen angels.
Oracle Corp. gained more than 8% after saying it would expand a partnership with Google Cloud to bring Gemini artificial intelligence tools to its business customers.
Oracle has secured a significant 10-year software contract with the U.S. Department of Defense, valued at up to $7 billion. This deal will see Oracle supplying on-premises software to the Pentagon, marking a notable achievement for the enterprise tech company.
Oracle is facing increased challenges in its AI ambitions due to rising power costs and high spending. The tech giant's mounting debt could lead to a collateral bill of $7 billion for its Wisconsin data centre.
The cost of protecting Oracle Corp.’s debt against default reached a fresh multi-year high on Monday while its existing bonds sold off. Doubts grew over whether the company’s massive investments in artificial intelligence will pay off.
A measure of Oracle Corp.’s credit risk hit a record high on Friday as concerns grew about both the company’s aggressive cash-burn and the future profitability of its artificial intelligence investments amid a new Chinese model that could rival offerings from companies like OpenAI.
Apple has filed a lawsuit against OpenAI, accusing the AI company of misappropriating trade secrets. Recent developments in the case are complicating Apple's initial claims, raising questions about the potential impact on OpenAI's reputation and its competition with Anthropic.
New Mexico regulators have rejected, for a second time, applications for a natural gas pipeline across state lands that would supply power systems at a planned Oracle Corp. data center project.
Oracle Corp.’s ambitions to dominate the artificial intelligence buildout are running into a key hurdle: funding a spending spree without further damaging its credit standing.
Oracle is reportedly leading the competition to provide Japan with 'air-gapped' cloud services, which are deemed crucial for secure intelligence sharing between Tokyo and its allies. This initiative comes as the US government pressures Japan to enhance the security of sensitive data.
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