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Oracle has laid off 21,000 employees amid a shift towards AI and cloud services, financing its data center expansion through significant debt despite investor concerns.
Oracle cut about 21,000 jobs globally in the last year, representing 13% of its workforce, as the tech giant reshapes its business around artificial intelligence and incurs $1.8bn in restructuring costs.
Big Tech companies are increasingly borrowing through bond sales to fund AI infrastructure, a shift from their traditional cash-rich funding model, as the Fed's rate policy makes debt more expensive.
A critical PeopleSoft zero-day vulnerability is being actively exploited by the ShinyHunters group, compromising hundreds of organizations and stealing gigabytes of data, including 48GB from a single victim.
Oracle's AI Database now includes vector store functionality for embeddings-based image search, showcasing innovative features that make it a unified data storage solution.
Oracle shares fell 11% after the company announced an additional $20 billion capital raise and reported negative free cash flow of $23.7 billion for fiscal 2026, as investors worry about the high cost of its AI buildout. Despite beating Q4 estimates, the stock is down for the year.
Oracle co-founder Larry Ellison warns that AI-powered surveillance will lead citizens to behave better due to constant recording and reporting, echoing Orwellian concerns about privacy erosion.
MAXIA Oracle is a multi-source price feed product designed for AI agents, featured on Product Hunt.
OpenAI announces a new Stargate data center campus in Michigan with over 1 gigawatt capacity as part of its $500 billion, 10-gigawatt infrastructure commitment, expected to create 2,500 union construction jobs and begin construction in early 2026.
OpenAI, Oracle, and SoftBank announced five new U.S. AI data center sites for the Stargate infrastructure project, bringing total planned capacity to nearly 7 gigawatts and over $400 billion in investment over three years. The expansion includes sites in Texas, New Mexico, Ohio, and Wisconsin, with plans to reach the original $500 billion, 10-gigawatt commitment by end of 2025.
OpenAI and Oracle announced a partnership to develop 4.5 gigawatts of additional Stargate data center capacity in the U.S., bringing total Stargate infrastructure to over 5 gigawatts and supporting OpenAI's $500 billion investment commitment. The project is expected to create over 100,000 jobs and represents a major milestone in advancing U.S. AI infrastructure leadership.
Oracle has released an AI Developer Hub repository on GitHub containing technical resources, reference applications, and Jupyter notebooks to help developers build AI applications, agents, and systems using Oracle AI Database and OCI services. The hub includes complete working examples such as agentic RAG systems, finance AI agents, and full-stack AI applications.