Oracle has withdrawn its legal challenge to Wisconsin utility rules that could require the company to provide more than $100 million a year in financial guarantees for electricity infrastructure for i…
Oracle fired about 21,000 employees, a 13% reduction of its workforce from 162,000 to 141,000, by the end of fiscal year 2026 to fund AI spending after signing a $300 billion contract with OpenAI. The…
Oracle cut 21,000 jobs by the end of fiscal year 2026 to fund AI infrastructure, but its planned 1-gigawatt data centre in Wisconsin faces a $7 billion obstacle after the Public Service Commission of …
Oracle said in a sworn affidavit that Wisconsin's Public Service Commission rules would force it to post a $7 billion letter of credit for a nearly one-gigawatt AI data centre in Port Washington, cost…
Oracle faces over $100 million a year in financing costs to guarantee power commitments for its nearly 1 GW Lighthouse Campus datacenter in Wisconsin, after the Public Service Commission of Wisconsin …