The threat that artificial intelligence tools will fuel a software apocalypse has rattled stocks, triggered record withdrawals from private-debt funds and stirred fears of a new type of credit crisis.

In short: Oracle closed a $16.3 billion financing for a single data centre campus in Saline Township, Michigan, the largest single-facility technology debt package ever assembled. PIMCO anchored ...

Oracle (ORCL) reported Q3 FY2026 cloud infrastructure revenue of $4.89B, up 84% year over year, while remaining performance obligations surged 325% to $553B, positioning the company as a foundational ...

KXAN Chief Meteorologist Nick Bannin has an updated outlook on overnight downpours that may continue into Tuesday. This is what happens when you drink beer every day, according to experts Jelly Roll ...

Oracle clawed back some of this year’s losses tied to fears of AI disruption, posting its best day since last September. On Monday, the cloud company’s shares jumped 12.7% to $155.62 after Oracle ...

Iran’s Islamic Revolutionary Guard Corps (IRGC) claims it has targeted an Oracle data center in Dubai, United Arab Emirates, according to Iranian state media. The alleged strike comes only two days ...

Oracle on Tuesday reportedly began notifying employees that it is moving forward with a round of layoffs as the company looks to reduce costs. The number of layoffs is in the thousands, according to a ...

March 31 (Reuters) - Cloud computing firm Oracle (ORCL.N), opens new tab is laying off thousands of employees, CNBC reported on Tuesday, citing two people familiar with the matter. Late on Tuesday, ...

Oracle is conducting a round of layoffs, two people familiar with the move told CNBC. The layoffs were in the thousands, the people said. The software maker has continued to increase spending on data ...

Oracle Corp. has begun layoffs that could affect thousands of employees to cut costs amid heavy debt-funded spending on artificial intelligence infrastructure. The Austin-based cloud computing company ...

Employees across the US, India, Canada, and Mexico woke up on 31 March to termination emails from “Oracle Leadership” with no prior warning. TD Cowen estimates the cuts will affect 18% of Oracle’s 162 ...

LATEST April 2, 3 p.m. More than 150 workers from Oracle’s Pleasanton campus at 5815 Owens Drive will be included in companywide layoffs, according to a WARN notice sent to the California Employment ...