Oracle carries a $638 billion AI backlog but funds expansion through debt, unlike cash-rich rivals Microsoft, Amazon, and Alphabet. More than half of Oracle's backlog ties to OpenAI alone, creating ...

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Badly damaged tech company Oracle (NASDAQ: ORCL) fired 21,000 people. It said they were being replaced by AI. It is 13% of the company's total workforce. Oracle took ...

OpenAI likely makes up the largest portion of Oracle's $638 billion backlog. Oracle has taken on massive amounts of debt to fund its AI expansion. The company's P/E multiple is slightly below its five ...

The growing use of AI contributed to Oracle laying off 21,000 workers in a year, according to a Securities and Exchange Commission filing on Monday. In its annual regulatory filing for the fiscal year ...

SHENZHEN, CHINA - JUNE 13: In this photo illustration, a smartphone displays the logo of Oracle Corporation (NYSE: ORCL), an American technology company specializing in database software, cloud ...

Oracle fired 21,000 workers citing AI adoption, but stock down 14% and negative free cash flow of $1.87 billion suggest financial distress. Unlike MSFT and GOOG, Oracle burned $23.7 billion in cash ...

75 years ago, after the Second World War, the world made a promise for everyone’s benefit: People forced to flee have the right to seek and live in safety. It was never meant for a few. It was meant ...

A hot potato: As tech executives' narrative around AI-related job losses becomes one of "things aren't that bad" and even "what job losses?" Oracle has reduced its workforce by 21,000 people this ...

Oracle's stock fell 19% this week, the steepest drop since August 2001, the depths of the dot-com bust. The company's capital expenditures surged 162% in the latest fiscal year, with almost $24 ...

It has now been more than nine months since Oracle's report for the first quarter of fiscal 2026 (ended Aug. 31, 2025). At the time, its remaining performance obligation (backlog) in fiscal Q1 had ...