Oracle: News
Oracle bags Pentagon software deal worth $7B
The US Department of Defense has awarded a nearly $7 billion contract to Oracle, the tech giant co-founded by billionaire Larry Ellison.
OpenAI allocates whopping $750B for AI data centers, cloud computing
OpenAI has announced a whopping $750 billion budget for infrastructure development through 2030.
Can AI industry survive if OpenAI collapses?
Ed Zitron, an AI critic and researcher, has warned that the ongoing boom in artificial intelligence (AI) is largely driven by OpenAI.
Microsoft layoffs: What employees will receive in severance
Microsoft has announced a major layoff, with plans to cut around 4,800 jobs or about 2.1% of its global workforce.
Tech layoffs top 119,000 in first half of 2026
The tech industry is experiencing a massive wave of layoffs, with over 119,000 employees lossing their jobs in the first half of 2026. This downturn is largely driven by AI-led restructuring.
SoftBank pursues $10B loan against OpenAI stake
SoftBank Group has resumed negotiations with a group of lenders for a $10 billion loan, secured by its stake in OpenAI, according to Reuters.
FAAMNG firms hire 13,600 workers in India this year
The FAAMNG group, which includes Facebook (now Meta), Amazon, Apple, Microsoft, Netflix and Google as well as their affiliates, has hired some 13,600 people in India so far this year.
Tens of thousands of devices hacked in 'FortiBleed' attack
A massive hacking campaign, dubbed "FortiBleed," has compromised tens of thousands of Fortinet firewalls and VPNs used by major global companies.
Oracle to provide AI, cybersecurity training to 300,000 UP students
Oracle has announced a partnership with the Uttar Pradesh State Skill Development Mission (UPSDM) to provide skills training in artificial intelligence (AI), cloud computing, cybersecurity, and data science.
Google, Meta invest $300M to train workers for AI boom
In a major development, tech giants Google and Meta have announced massive investments in skilled trades training.
ShinyHunters hacked Oracle servers at over 100 organizations
The notorious cybercrime group, ShinyHunters, has claimed responsibility for breaching Oracle's PeopleSoft servers at over 100 organizations. The victims include a number of universities.
Oracle withdraws job offers from IITs, NITs amid global layoffs
Oracle has withdrawn job and internship offers from students at several top Indian institutes, including IITs and NITs.
Oracle just rebuffed negotiation of severance terms by ex-employees
Oracle recently laid off 20,000-30,000 employees via email on March 31. The abrupt termination left many workers shocked and confused.
No layoffs at Infosys, says CEO amid AI transformation
Infosys CEO Salil Parekh has confirmed that the company won't be laying off employees, even as artificial intelligence (AI) transforms the global IT services sector.
Tech, media layoffs surge as companies chase AI-driven restructuring
The past two weeks have witnessed a fresh wave of layoffs in the tech and media industry.
How Oracle's AI spending spree triggered cash crunch, job cuts
Oracle, the tech giant founded by Larry Ellison, is facing a major financial crisis due to its aggressive investment in artificial intelligence (AI) infrastructure.
OpenAI halts Stargate UK project citing high energy costs
OpenAI has temporarily halted its Stargate UK project, an AI infrastructure initiative with NVIDIA.
Deloitte India hiring 50,000 as Oracle slashes thousands of jobs
The tech industry's current AI era is marked by a stark contrast between massive layoffs and aggressive hiring.
Oracle cuts 30,000 jobs; 12,000 in India alone
Oracle has begun a major round of layoffs, affecting nearly 30,000 employees worldwide. Out of these job cuts, around 12,000 are from India alone.
Oracle might have laid off 18% of its global workforce
Oracle has started a major round of layoffs across its global offices.
OpenAI, Oracle scrap plans to expand flagship data center
Oracle and OpenAI have scrapped their plans to expand a major artificial intelligence (AI) data center in Texas.
Paramount wins Warner Bros. Discovery after Netflix exits bidding war
The highly contested bidding war for Warner Bros. Discovery has come to an end, with David Ellison-owned Paramount emerging as the victor.
OpenAI launches 'Frontier' to help businesses deploy AI agents
OpenAI has unveiled a new product, called Frontier, to help businesses navigate the world of artificial intelligence (AI) agents.
Oracle to raise $50B for cloud infrastructure expansion
Oracle has announced its plan to raise between $45 billion and $50 billion in 2026.
Oracle may cut 30,000 jobs to fund AI data centers
Oracle is reportedly planning to lay off up to 30,000 employees.
Trump-backed investors will now run TikTok's US operations
The US and China have finalized a deal that transfers control of TikTok's American operations to a group of investors backed by President Donald Trump.
Oracle faces worst quarter since 2001 amid AI investment concerns
Oracle, the tech giant founded by billionaire Larry Ellison, is witnessing a major slump in its stock.
AI boom adds $550B to wealth of US tech billionaires
The artificial intelligence (AI) market boom has added over $550 billion to the fortunes of America's richest tech moguls this year.
Oracle and OpenAI's $300B mega deal sinks into the red
The $300 billion partnership between Oracle and OpenAI, announced on September 10, has taken a major hit.
Oracle-linked data center project in US bags an $18B loan
A consortium of nearly 20 major banks has agreed to provide an $18 billion project finance loan for the construction of a data center campus in New Mexico, Bloomberg reported.
OpenAI, Oracle are planning 1GW Stargate data center in Michigan
OpenAI, Oracle, and Related Digital have announced plans to construct a massive 1 gigawatt (GW) data center campus in Saline Township, Michigan.
OpenAI, Oracle to build new AI data center for Stargate
OpenAI, Oracle, and Vantage Data Centers have teamed up to build a state-of-the-art data center campus in Wisconsin.
Oracle forecasts cloud revenue to reach $166B by 2030
Oracle has projected its cloud infrastructure revenue will hit $166 billion by fiscal year 2030.
Oracle to deploy 50,000 AI chips from AMD
Oracle Cloud Infrastructure has announced its plan to deploy a whopping 50,000 advanced graphics processors from Advanced Micro Devices (AMD).
Google says 100+ companies likely affected in Oracle-linked data breach
Google has revealed that an extensive hacking campaign targeting Oracle's suite of business products has likely impacted over 100 companies.
Who is Rahul Patil, Indian-origin engineer now CTO of Anthropic
Anthropic, a leading AI research company, has appointed Rahul Patil as its new Chief Technology Officer (CTO). Patil previously held technical leadership roles at Stripe.
Oracle says hackers are targeting its customers with extortion emails
Oracle has confirmed that its E-Business Suite customers have been targeted with extortion emails, confirming the warning that was first issued by Google.
Trump's TikTok US deal finalized: Here's who owns what
President Donald Trump has confirmed that a deal to sell TikTok's US operations is complete, with approval from China's President Xi Jinping.
Oracle plans $15B bond sale to fund cloud deals
Oracle, the tech giant known for its software products, is looking to raise $15 billion from the US investment-grade bond market.
OpenAI is building 5 data centers for $500B Stargate project
OpenAI, the company behind ChatGPT, has announced plans to build five new artificial intelligence (AI) data centers in the US.