Oracle Borrows Billions for AI Cloud Expansion
Oracle is raising $15 billion through bonds to fund massive cloud infrastructure deals with companies like OpenAI and Meta, boosting its AI capabilities despite rising costs.
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Fox Corp. May Join the Group Buying TikTok's US Operations
Fox Corp. is in talks to invest in the U.S. portion of TikTok alongside other major American players like Oracle and Dell.
Oracle in Talks With Meta on $20 Billion AI Cloud Computing Deal
Oracle is negotiating a massive $20B cloud computing deal with Meta to power its AI models. This reinforces Oracle's new role as a major AI infrastructure provider, competing with Amazon and Google.
TikTok's U.S. Future: How a Big Deal Aims to Keep Your Favorite App Alive
TikTok's U.S. ban is extended to Dec 2025 as a deal finalizes for American ownership (80% US investors). A new U.S. app, American-controlled algorithms, and Oracle handling user data will address national security concerns.
TikTok's U.S. Future: Oracle Steps In Amidst Deal Talks
Oracle shares climbed following speculation that the software company may be part of a deal between the U.S. and China regarding TikTok.
Oracle's AI Cloud Takes Off: A Closer Look at Record Growth
Oracle shares surged as its backlog (RPO) hit a record $455B, up from $138B, due to massive AI cloud demand and multi-billion dollar contracts. CEO Catz expects RPO to exceed $500B soon. OCI revenue is projected to grow 77% this year to $18B.