Oracle cofounder Larry Ellison has now seen an unprecedented $50 billion wiped off his net worth in less than forty days this year, as per Bloomberg Billionaires Index. Ellison’s fortune stood at $199 ...
Oracle faces massive job cuts, potentially 20,000-30,000, to fund its costly $300 billion OpenAI partnership. The tech giant has already spent $58 billion on data centers and is struggling with rising ...
The Chinese parent company of the popular video app said a group of non-Chinese investors would create an American TikTok to avoid a federal ban. Credit...Timo Lenzen Supported by By David McCabe and ...
Harry is a Writer, Editor, and Content Strategist from Portsmouth, United Kingdom. He started writing about games as the Editor of his university website, and in the ten years since, he has been ...
How to Do It is Slate’s sex advice column. Have a question? Send it to Stoya and Rich here. It’s anonymous! Dear How to Do It, My husband and I were out at a restaurant several days ago. Midway ...
TikTok’s top executive announced to employees that ByteDance, the social-media juggernaut’s parent company, has signed deals to create a U.S. joint venture majority-owned by U.S. companies, Bloomberg ...
Multiple media outlets, including the Associated Press, reported that ByteDance has reached an agreement with Oracle ORCL, Silver Lake, and Abu-Dhabi-based MGX to set up a joint venture for TikTok’s ...
Abu Dhabi's state investment fund will also be a managing investor. By Alex Weprin Senior Editor The TikTok sale is officially happening, with a consortium of American investors set to take over U.S.
Oracle's debt is on the rise. Free cash flow is very much in the red. Oracle's leverage makes it a high-risk, high-potential-reward opportunity in AI. The tech giant reported an impressive 54% ...
The shares of companies exposed to artificial intelligence infrastructure came in for a beating after a report about Oracle Corp. data center delays added fuel to a selloff already underway following ...
An upbeat second-quarter earnings report from Oracle wasn’t enough to shake off the artificial-intelligence jitters that have crept into the stock. Oracle ORCL cleared the bar set by Wall Street on ...