Oracle CEO Clayton Magouyrk said on an earnings call the company's model of having customers provide data chips for new data center builds is working.

Oracle's backlog was the centerpiece of the results. CEO Safra Catz revealed that the company's remaining performance obligation (RPO) -- a backlog of future sales -- rose to $553 billion, surging 325 ...

Oracle shares surged about 12% on Wednesday after the software giant's upbeat revenue forecast eased concerns over its hefty ...

Oracle on Tuesday predicted that the AI data ​center boom will power its revenue above Wall Street estimates well into 2027, sending its shares up 8.3% in extended trading.

The OpenAI deal fallout exposes the fundamental danger of being the most leveraged player in a market where the chip cycle moves faster than the concrete dries.

KENNEWICK — For more than a year, the company behind the largest private economic development project in the region’s history hid behind an alias. No longer. Amazon Data Services is the company behind ...

Add Yahoo as a preferred source to see more of our stories on Google. For more than a year, the company behind the largest private economic development project in the region’s history hid behind an ...

Developers are descending on a rural desert community along California’s Mexican border, trying to build over $15 billion worth of data centers to power Silicon Valley’s artificial intelligence boom.

Colin is an Associate Editor focused on tech and financial news. He has more than three years of experience editing, proofreading, and fact-checking content on current financial events and politics.

Oracle is considering cutting 20,000 to 30,000 jobs and selling some of its activities as US banks pull back from financing the company’s AI data-center expansion, according to investment bank TD ...

LYON TOWNSHIP, Mich. – A developer behind a proposed large-scale data center in Lyon Township is addressing residents’ concerns. Jeff Bladen, Head of Energy at Verrus and the developer for the data ...

This story has been updated with more information. SALINE TWP., MI — DTE Energy Co. has accepted all the conditions that the Michigan Public Service Commission (MPSC) outlined in its conditional ...