DatacenterDynamics

Oracle CEO moves to quell fears about debt needed for data center build-out after disappointing Q2 results

It is a far cry from the company’s last quarterly results, released in September, when news of a series of AI deals boosted its bottom line and saw its share price soar 40 percent, briefly making founder and CTO Ellison the world’s richest man.
CRN

Oracle Q2 Earnings: New CEOs Try To Clarify AI Capital Costs, Show Growth Across Applications And Infrastructure

Oracle co-CEOs Clay Magouyrk and Mike Sicilia weighed in on the cloud applications, infrastructure and multicloud businesses during the database vendor’s Q2 earnings call.

Oracle CEO Ellison: We will continue to buy latest GPUs from Nvidia

CNBC's Seema Mody talks latest comments from Oracle CEO Larry Ellison on investors call. After winning his first Oscar, Tom Cruise kept repeating the same 2-word phrase. It’s a lesson in emotional intelligence

Oracle Stock Down 14%. Why Higher Risk Makes $ORCL A Sell

With relatively tepid growth, rising debt, an increasing cash burn rate, soaring capex and reliance on money-losing OpenAI, $ORCL has not earned its premium valuation.
Morningstar

Oracle: Co-CEO Appointment Should Deepen Synergy Between Cloud Infrastructure and Applications

Oracle ORCL announced on Sept. 22 that Safra Catz will move to a board role after 11 years as CEO. Clay Magouyrk, president of Oracle Cloud Infrastructure, and Mike Sicilia, president of Oracle Industries, have been promoted to co-CEOs. The shares were up ...
FOX31 Denver

Oracle names Magouyrk and Sicilia as CEOs; Catz to become executive vice chair of the board

Oracle has named Clay Magouyrk and Mike Sicilia as CEOs, with current CEO Safra Catz becoming executive vice chair of the technology company’s board. The announcement comes as Oracle founder Larry Ellison has been named as part of a group that could be ...

Oracle made a $300 billion bet on OpenAI. It's paying the price.

Rising concerns about OpenAI’s mounting costs — set to hit $1.4 trillion due to its deal spree with firms including Nvidia ( NVDA ), CoreWeave ( CRWV ), AMD ( AMD ), and Broadcom ( AVGO ), in addition to Oracle — and increasing competition from Google's ( GOOG) Gemini models have made investors even more wary.
CIO

Here’s what Oracle’s soaring infrastructure spend could mean for enterprises

As Oracle pours billions into AI data centers, enterprises may face rising costs — but Oracle too is in a tight spot, which gives CIOs leverage in negotiations.

Oracle’s Larry Ellison Thinks He’s Identified the Next Big AI Business

In the December 10 earnings call, Oracle CEO Larry Ellison said that the company is focusing on solving the “very important problem” of how to enable the most recent AI models to complete multi-step reasoning on private enterprise data without compromising the data.
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