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Oracle’s AI breakthrough delivers big upside for investors

Oracle is no longer just the established enterprise database company many investors remember. Over the past few years, it has ...

Oracle prepares for layoffs, sets aside $2.1 billion for restructuring

Oracle is preparing more job cuts as it increases reliance on artificial intelligence and funds expensive AI data centres, the Financial Times reported. The company has raised restructuring funds to ...

Twenty years after pioneering the cloud, Amazon Web Services chases the AI prize

As soon as online photo storage startup SmugMug Inc. heard about Amazon.com Inc.’s Simple Storage Service, an online data storage repository that debuted on March 14, 2006, “my eyes got all big,” ...
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Oracle restructuring costs: Tech giant to spend over Rs 194470185000 and fire 30000 people just to…

A large portion of this spending is allocated to redundancy payments, reorganising the company structure, and making changes to how the company operates.