Tag: oracle
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AstraZeneca partners with Oracle for AI-driven clinical trials
Oct 20 : AstraZeneca said on Tuesday that it is working with Oracle to use AI and real-world data to identify eligible patients for clinical trials and monitor safety signals, among other measures, as the drugmaker looks to improve clinical research.• The collaboration will combine AstraZeneca’s drug develo
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Analysis:Oracle, Blue Owl project delay sends ripples through AI financing, sources say
NEW YORK, Sept 24 : Oracle’s move to protect itself against potential delays at a massive data center project developed by Blue Owl in New Mexico sent a chill through the trillion-dollar market for AI infrastructure financing, according to interviews with bankers and investors.Oracle issued a force majeure
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Oracle triggers ‘force majeure’ on data center project over power delays, source says
Sept 24 : Oracle issued a “force majeure” notice to a Blue Owl unit, the developer of a large New Mexico data center, citing potential delays in securing power for the project, a person familiar with the matter told Reuters on Thursday.Shares of Oracle were down 3.3 per cent. The source said that securing pow
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Oracle cites ‘force majeure’ to shield itself on data center, Bloomberg News reports
Sept 24 : Oracle is seeking to protect itself from potential cost increases related to a large data center project in New Mexico by sending a “force majeure” notice to developer Blue Owl, Bloomberg News reported on Thursday.Shares of the company fell around 4 per cent in premarket trading after the report, wh
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Larry Ellison cancels plan to sell Oracle stock worth up to $7.5 billion
Sept 12 : Oracle said on Saturday that its co-founder and executive chairman Larry Ellison had canceled a plan to sell up to 50 million Oracle shares, worth about $7.5 billion at Friday’s closing price.Oracle had disclosed in a regulatory filing Friday that Ellison had adopted the trading plan on June 22, 202
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Larry Ellison cancels plan to sell Oracle stock
Sept 12 : Oracle Executive Chairman Larry Ellison has canceled his plan to sell 50 million shares of Oracle stock, the company said on Saturday.”No Oracle stock was sold under that plan, and he has no other plans to sell any of his Oracle stock,” the company said. This comes a day after Ellison said
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Oracle to spend $700 million more on restructuring costs as it ramps up AI spending
Sept 11 : Oracle said restructuring costs, part of a plan that includes job cuts, will rise about $700 million as the cloud company seeks to rein in costs while spending billions to capitalize on booming demand for artificial intelligence services.In a regulatory filing on Friday, Oracle said the increase, di
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Oracle rises as AI-fueled backlog growth deflects spending worries
Sept 11 : Oracle’s shares gained 3 per cent in early trading on Friday after a $26 billion jump in revenue backlog eased some concerns around its massive debt-driven spending spree, but analysts said the company’s cash flow recovery is still a long way off.Roughly half of the $664 billion in its back
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Oracle climbs as AI-fueled backlog growth deflects spending worries
Sept 11 : Oracle shares rose 6 per cent before the bell on Friday after it reported a $26 billion jump in first-quarter revenue backlog, proving its massive debt-driven spending spree on data centers was powering strong growth in its cloud business.The company said that roughly half of the $664 billion in its
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Oracle shares rise as AI cloud backlog beats estimates
Sept 11 : Oracle shares rose 5.5 per cent premarket on Friday after the cloud computing and software company’s stronger-than-expected quarterly results eased concerns around its massive debt-driven spending spree.The Austin, Texas-based firm booked more than $30 billion of additional AI cloud contracts in the
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