Tag

Oracle

AI news tagged Oracle, with sources.

• Sept. 27, 20263 sourcesCorrected

  Oracle sent a force majeure notice over its OpenAI-linked New Mexico data center

  Oracle sent a force majeure notice to a Blue Owl unit developing the 1,400-acre Project Jupiter campus in Doña Ana County, citing delays in securing power.

• Sept. 24, 20262 sources

  Oracle’s $18 billion data center loan fell to 89-⁠91 cents on the dollar

  According to the Financial Times, the $18 billion loan for Project Jupiter in New Mexico is trading at 89 to 91 cents on the dollar on the secondary market.

• Sept. 15, 20263 sources

  Ellison’s fortune shrank by about $200 billion in a year as Oracle fell 64% from its peak

  Larry Ellison’s fortune shrank by about $200 billion in a year. Bloomberg’s index put him seventh with $204 billion as of September 13 as Oracle stock slid.

• Sept. 15, 20262 sources

  Oracle’s quarterly capital spending hit $28 billion and free cash flow turned negative

  Oracle’s quarterly capital spending hit $28 billion. The company’s backlog reached $664 billion while free cash flow came in at minus $5 billion.

• Sept. 15, 20264 sourcesCorrected

  Larry Ellison canceled a $7.5 billion share sale in one day, without selling a single share

  Larry Ellison canceled a plan covering 50 million Oracle shares one day after a regulatory filing revealed it. Not one share was sold under the plan.