Oracle said free cash flow will reach $30B in the year to May 2029, when analysts expected it to stay negative. It capped new fundraising at $20B through May 2030 and kept its $225B revenue target. Shares rose as much as 14%. Oracle shares jumped as mu…
Oracle will rent out Google’s tensor processing units (TPUs) in its cloud from 2027. That makes it the first hyperscale cloud outside Google to offer the chips. It is also putting OpenAI’s ChatGPT and Codex inside its business software. Oracle announce…
Oracle announced Media Fabric at AI World, a platform that combines its own AI video and image models, an AI production suite and a live-streaming network. It lets brands make many versions of one ad. Oracle says it will be available within 12 months. …
Oracle will offer cloud services running on Cerebras’ AI computers in its data centres from 2027, the companies said. Cerebras, which went public in May, is expected to triple revenue next year to almost $3B, but investors worry about its place in a ma…
Oracle announced a $1B, four-year commitment to its partner ecosystem at AI World in Las Vegas, covering training, test and demo environments, cloud migration funding and Marketplace sales. It also changed Marketplace rules. The pledge comes as Oracle …
AstraZeneca and Oracle will use AI and real patient health data to find people for drug trials faster, the two firms announced. The deal adds to a long list of AI health tie-ups between drugmakers and tech companies. The pair signed a non-binding term …
A teenager from Amman, Jordan suspected of leading the prolific data theft and extortion group ShinyHunters has been detained and is reportedly cooperating with the FBI to identify other members of the hacking gang. KrebsOnSecurity has learned that the suspect, who uses the hacker handle “Rey,” was detained as ShinyHunters was in the process of extorting a business unit recently divested by the global aerospace company Boeing, which manufactures the fleet of planes used by the employer of Rey’s father — Royal Jordanian Airlines.
Tencent has signed a five-year lease to use about 100,000 advanced AI chips from Oracle. People familiar with the matter told the Financial Times about the deal. The chips, which are not available in China, sit in several Oracle data centres in South-E…
Authorities in the Netherlands have arrested a 23-year-old convicted cybercriminal on suspicion of aiding in data thefts and extortions by the prolific hacker group ShinyHunters. In the days immediately following the suspect’s arrest, remaining ShinyHunters members dramatically escalated their attacks, stealing highly sensitive data from the FBI and extorting the Russian ransomware group Cl0p.
The notice would allow Oracle to delay payments should the facility miss its 2028 target to come online.