Pins matching company:Oracle

A proposed class action in Manhattan says Oracle hid that it needed to borrow heavily again for AI data centers when it sold $18 billion of notes and bonds.

The US-majority TikTok USDS Joint Venture LLC was established, taking over TikTok's US data, algorithm and moderation, with US user data and the algorithm secured in Oracle's US cloud.

A weather power outage at a primary US data centre operated by Oracle hit tens of thousands of servers, leaving TikTok's US app buggy for a week just after the joint venture took over.

Oracle said it would raise $45 billion to $50 billion in 2026, half from a single bond sale and half from mandatory convertible preferred stock and a $20 billion at-the-market share programme, to build capacity for its AI customers.

The day after its funding plan, Oracle sold $25 billion of notes in eight tranches and $5 billion of 6.50% mandatory convertible preferred stock, drawing what it called a record, substantially oversubscribed order book.

Barrows v. Oracle says Oracle misled investors that its AI data-center spending for OpenAI would quickly turn into revenue, covering stock bought June-December 2025.

Oracle grew revenue 22% to $17.2 billion, its first quarter in over 15 years with organic revenue and adjusted EPS both up 20% or more, raised its fiscal 2027 revenue forecast to $90 billion, and the stock jumped 9% the next day.

Oracle's Java conference ran three days in Redwood Shores, opening with the "Java for an AI World" keynote on Java 26's release day and closing with a community keynote.

JDK 26 shipped with 10 JEPs including HTTP/3 in the HTTP client and removal of the Applet API, alongside Oracle's new Java Verified Portfolio with commercial support for JavaFX and Helidon.

Oracle staff in several countries were told by early-morning email that it was their last working day, as WARN notices went in for Seattle and four California sites.

Oracle named Schneider Electric finance chief Hilary Maxson its chief financial officer to fund and run the capital-hungry AI cloud build-out, taking over from principal financial officer Doug Kehring.

Under a master services agreement Oracle intends to procure up to 2.8 GW of Bloom's fuel cell systems to power its US AI data centers, with 1.2 GW already contracted and being deployed.

Related Digital secured financing for its $16 billion data center campus built for Oracle and OpenAI in Michigan: equity from Related and Blackstone funds, fixed-rate long-term debt anchored by PIMCO.

Oracle and BorderPlex replaced Project Jupiter's planned gas turbines and diesel generators with up to 2.45 GW of Bloom fuel cells, cutting NOx by about 92% at the Stargate campus in Doña Ana County, New Mexico.

OpenAI, Oracle, Related Digital, Blackstone, Walbridge and Governor Gretchen Whitmer marked construction of The Barn in Saline Township, the largest investment in Michigan's history, and pledged $10 million to the Saline Recreation Center.

Oracle's Security Alert for CVE-2026-35273, a 9.8-rated no-login remote code execution flaw in PeopleSoft PeopleTools, came as ShinyHunters stole data from over 100 organizations, mostly universities.

Oracle closed a record fiscal 2026 with $67.4 billion of revenue and a $638 billion backlog, but burned $23.7 billion of free cash and said it would raise about $40 billion more, sending the shares down 10% after hours.

The Hoge Raad quashed the Amsterdam appeal court's admission of The Privacy Collective's GDPR mass claim over Oracle's and Salesforce's ad-tech and sent it to the Hague Court of Appeal.

Oracle grew revenue 30% to $19.3 billion as cloud infrastructure revenue more than doubled, lifted its backlog to $664 billion with $30 billion of new AI contracts, and said it had sold all $20 billion of its at-the-market stock.

A day after Oracle's quarterly filing disclosed that Larry Ellison could sell up to 50 million shares, about $7.5 billion worth, Oracle said he had cancelled the plan without selling any and had no other plans to sell.

Oracle began another round of layoffs, telling staff by early-morning email that it was their last working day, days after adding about $700 million to its AI-era restructuring plan.

JDK 27 shipped with nine JEPs led by hybrid post-quantum key exchange for TLS 1.3 and G1 as the default garbage collector everywhere, plus JavaFX 27 and Helidon 27.

Oracle's quarterly bundle of security fixes across its on-premises products is due on the third Tuesday of October.

Oracle's flagship AI conference returns to The Venetian in Las Vegas for four days of keynotes from co-CEOs Mike Sicilia and Clay Magouyrk, product demos and training.

Hundreds of Oracle employees in Washington and California given notice on 14 September reach their last day under the WARN notices Oracle filed.

Oracle reports its second quarter of fiscal 2027, for which it guided revenue growth of 30% to 34% and cloud growth of 65% to 71%, the first test of its new at-least-$90 billion full-year outlook.

Oracle's Java conference returns for three days of keynotes, sessions, hands-on labs and a hackathon, opening with a keynote on the morning of 23 March 2027.

Oracle expects the first capacity at Project Jupiter, its fuel-cell-powered Stargate campus in Doña Ana County, New Mexico, to reach customers in the first half of 2027.

Oracle expects the first capacity at its Port Washington Stargate campus, built by Vantage for OpenAI, to reach customers in the second half of 2027.

Oracle expects The Barn, its 1 GW-plus Stargate campus in Saline Township, Michigan, to start delivering capacity to OpenAI in the second half of 2027.