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Oracle has appointed Hilary Maxson, former CFO of Schneider Electric, as its new chief financial officer to lead its $50 billion AI infrastructure push.
Oracle is laying off thousands of employees to fund its AI infrastructure expansion, betting on billions in future revenue, including a $455 billion order from OpenAI.
Oracle is laying off up to 30,000 employees to fund AI data centers, freeing up $8–$10 billion for infrastructure investments. The move reflects the company’s strategic shift toward artificial intelligence.
Learn what data centers are, why they are essential for AI development, and how Microsoft's recent acquisition of a Texas data center impacts the future of artificial intelligence.
OpenAI and Oracle halt expansion of their Stargate data center in Texas due to power supply delays, redirecting resources toward Nvidia's next-gen Vera Rubin chips.
Oracle plans to cut thousands of jobs as it manages the financial burden of expanding its AI data center infrastructure. The move reflects broader industry challenges in balancing AI innovation with profitability.
The $500 billion Stargate AI infrastructure project is stalling due to unresolved disputes between OpenAI, Oracle, and SoftBank, raising concerns over its future.
