The outlook for the contract manufacturer is bright as its business diversification strategy is working out
Oracle is set to offer its multi-cloud services with three new data centres in India by April, two with AWS and one Google Cloud, Kumar told Moneycontrol in an interview.
“We are seeing a hockey stick growth. In the last two years, cloud business has doubled and the momentum continues in India…we are going to launch more data centres in this calendar year,” said Kapil Makhija, VP, Technology Cloud, Oracle India.
Oracle is reportedly planning layoffs of up to 30,000 employees as it faces funding pressure to expand AI data centres, with banks pulling back on financing.
The stock’s decline has erased about $463 billion in market value from a record hit on September 10
Bajaj Consumer Care shares surged after the company posted an 83 percent jump in consolidated net profit to Rs 46.37 crore for the December quarter of FY26.
'It is scary. I don't know what the future holds, but what I know is that I can always get a job in another five years, but what I can't get back is this moment, the energy, the youth, and the fire in me to explore the world,' former Oracle developer and content creator Vanathi S said.
Oracle’s stock had already lost about a third of its value through Wednesday’s close since a record high on Sept. 10. Meanwhile, a measure of Oracle’s credit risk reached a fresh 16-year high.
Oracle’s swoon has vaulted Alphabet Inc. co-founder Larry Page past Ellison and into the number two spot on the Bloomberg Billionaires Index for the first time.
'I had the perfect 9-5, good salary, beautiful family. Society said: You’re settled. But something inside me wasn’t,' Pradeep Kannan said. His decision, which many called reckless at the time, has since paid off.
As demand for foundation model training continues to accelerate, cloud providers have been forced to rethink how they secure compute and how much control they cede to the vendor that dominates it.
The Texas-headquartered tech giant is building AI-powered ambulances as part of its broader push to create a fully connected healthcare ecosystem
The announcement comes at a time when most hyperscalers, including Amazon, Microsoft, and Google, rely heavily on Nvidia hardware and software stacks for AI workloads. Over 90 percent of the world's heavy-duty GPUs are provided by Nvidia.
For now, the merry-go-round keeps spinning, faster and more expensive. Whether it leads to success or failure will be the trillion-dollar question of the decade
Partners including Nvidia, AMD and Oracle have signed up to Sam Altman’s huge bet on the future of artificial intelligence
A group of hackers claimed to have breached Oracle’s E-Business Suite, which runs core operations including financial, supply chain and customer relationship management
The transition comes at a time when Oracle is riding the wave of the artificial intelligence boom. Once seen as a laggard in cloud computing, Oracle has turned itself into one of the hottest names on Wall Street by offering scarce Nvidia GPUs and its Gen2 infrastructure to customers racing to deploy AI.
Catz steered Oracle through an industry-wide shift, helping win multi-billion-dollar contracts as companies spend aggressively to secure computing capacity for AI tech.
Under the deal, ByteDance Ltd.’s stake in TikTok would be reduced to below 20% to satisfy a US national security law passed in 2024
US and Chinese officials said earlier on Monday that they have reached a framework agreement to switch TikTok to U.S.-controlled ownership