OpenAI Freezes Multi-Billion Stargate Project in Britain Over High Energy Costs
OpenAI pauses its UK Stargate AI project, citing high energy costs and rules, focusing on ChatGPT amid global expansion.
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Oracle Strengthens Finance Team with New CFO from Schneider Electric
Oracle names Hilary Maxson as CFO; her experience in large, capital-heavy businesses fits Oracle’s fast-growing cloud and AI needs. Barclays views the appointment as 'prudent.'
Blackstone and Bank of America Back Oracle’s $16 Billion Michigan AI Project
Oracle is finalizing a $16 billion deal—after months of stop-and-start negotiations—to build a massive AI data center in Michigan. Despite local pushback and Wall Street scrutiny, the project is moving forward rapidly with backing from Blackstone and BofA.
Microsoft Targets Key Texas AI Hub as Oracle Shelves Expansion Plans
Microsoft in advanced talks to lease hundreds of MW at Abilene's Stargate AI campus after Oracle shelved expansion. Boost for Azure amid Meta interest too.
Oracle Beats Wall Street Estimates as AI Cloud Revenue Surges 44% in Q3
Oracle beat Wall Street estimates in its fiscal Q3 2026 with $17.2 billion revenue, fueled by explosive demand for AI cloud services. The tech giant raised its 2027 guidance and saw strong growth in infrastructure bookings.
Oracle-OpenAI Drops Texas Expansion, Meta Steps In
Oracle and OpenAI scrapped plans to expand the Stargate AI data center in Abilene, Texas. Meta now in talks to lease the site, with Nvidia facilitating.