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Trump's TikTok deal will give control to a group of US investors, report says

engadget.com Unknown 2025-09-21 05:13:31

The plan to "save" TikTok is starting to come into focus. On Tuesday The Wall Street Journal reported more details about a deal between the US and China as the two sides are apparently "finalizing" specifics of the arrangement. According to the report, TikTok's US business will be owned primarily by a group of US investors, which will have a "roughly" 80 percent stake in the entity. The group includes longtime TikTok partner Oracle, as well as Silicon Valley VC firm Andreesen Horowitz and the p

Topics: arrangement chinese new oracle tiktok

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Larry Ellison briefly becomes world's richest person

feeds.bbci.co.uk Unknown 2025-09-25 15:55:26

Larry Ellison briefly becomes world's richest person 2 days ago Share Save Danielle Kaye Business reporter Share Save Getty Images Larry Ellison, pictured at an Oval Office meeting earlier this year, has overtaken Elon Musk in fortune Elon Musk briefly lost his title as the world's richest person to Larry Ellison, the co-founder of Oracle and an ally of US President Donald Trump. Ellison's wealth surged to $393bn (£290bn) on Wednesday morning, surpassing Musk's $385bn (£284bn), according to t

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OpenAI Needs Data Centers So Much, It Signed a $300B Deal With Oracle

cnet.com See Full Bio 2025-09-27 07:23:45

Here's an eye-popping new price tag for generative AI's booming demand for energy and computing power for data centers: $300 billion. That's how much ChatGPT maker OpenAI has reportedly committed to spend with Oracle over a five-year span to continue its run of early success. The deal, which would be one of the largest contracts for cloud computing, was announced by both The Wall Street Journal and The New York Times on Wednesday. The contract with Oracle would entail delivery of as much as 4.

Topics: ai centers data openai oracle

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Oracle shares retreat 6% after sharpest rally in more than 30 years

cnbc.com Jordan Novet 2025-09-27 21:00:43

Oracle shares closed down 6% on Thursday, a day after the stock closed at a record high, following an analyst note expressing concern that most of the company's upcoming growth is coming from a single client: OpenAI. The software vendor has seen its stock go on a wild ride this week after CEO Safra Catz on Tuesday said that Oracle had "signed four multi-billion-dollar contracts with three different customers" in the latest quarter. The company's remaining performance obligation, a measure of co

Topics: company openai oracle report stock

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Oracle shares retreat 7% after sharpest rally in more than 30 years

cnbc.com Jordan Novet 2025-09-28 01:48:51

Oracle shares closed down 6% on Thursday, a day after the stock closed at a record high, following an analyst note expressing concern that most of the company's upcoming growth is coming from a single client: OpenAI. The software vendor has seen its stock go on a wild ride this week after CEO Safra Catz on Tuesday said that Oracle had "signed four multi-billion-dollar contracts with three different customers" in the latest quarter. The company's remaining performance obligation, a measure of co

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OpenAI reportedly signs $300 billion Project Stargate cloud deal with Oracle

theverge.com Elissa Welle 2025-09-29 17:01:10

is a NYC-based AI reporter and is currently supported by the Tarbell Center for AI Journalism. She covers AI companies, policies, and products. Posts from this author will be added to your daily email digest and your homepage feed. OpenAI and Oracle signed a deal “to purchase $300 billion in computing power over roughly five years,” one of the largest cloud computing deals ever, reports the Wall Street Journal. In July, the two companies revealed their partnership to build data centers worth

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Oracle stock gains 36% to post best day since 1992, adding $244 billion in value

cnbc.com Ashley Capoot Chris Eudaily 2025-09-30 05:28:43

Oracle stock roared 35.95% higher on Wednesday after reporting gobsmacking cloud demand numbers, setting the company to a historic gain. The cloud giant posted an all-time high and had its best day since 1992. Oracle gained $244 billion in market cap and is now at $922 billion. The company said Tuesday after the bell that it has $455 billion in remaining performance obligations, up 359% from a year earlier. "This is a very historic kind of print right here from Oracle with this backlog," Ben

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Larry Ellison is $100 billion richer after blowout Oracle earnings report

cnbc.com Jordan Novet 2025-09-30 05:24:37

Oracle co-founder, CTO and Executive Chairman Larry Ellison (C), U.S. President Donald Trump, OpenAI CEO Sam Altman (R), and SoftBank CEO Masayoshi Son (2nd-R), share a laugh as Ellison uses a stool to stand on as he speaks during a news conference in the Roosevelt Room of the White House on January 21, 2025 in Washington, DC. Trump announced an investment in artificial intelligence (AI) infrastructure and took questions on a range of topics including his presidential pardons of Jan. 6 defendant

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OpenAI and Oracle reportedly ink historic cloud computing deal

techcrunch.com Rebecca Szkutak 2025-09-30 09:00:34

In Brief Oracle sent its shares soaring after markets closed yesterday after reporting that it signed multiple multi-billion-dollar contracts with several customers. Now, we have an idea of who those customers might be. Oracle signed a deal with OpenAI for the AI company to purchase $300 billion worth of compute power over a span of about five years, according to reporting from the Wall Street Journal. OpenAI would start purchasing this compute in 2027. If the WSJ’s reporting is correct, this

Topics: compute openai oracle reporting signed

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Oracle stock booms 35%, on pace for best day since 1992

cnbc.com Ashley Capoot Chris Eudaily 2025-09-30 13:58:46

Oracle stock roared 35% higher on Wednesday after reporting gobsmacking cloud demand numbers, setting the company on track for a historic gain. The cloud giant is on pace for its best day since 1992, and is now quickly approaching the $1 trillion market cap benchmark. Oracle is now over $900 billion. The company said Tuesday after the bell that it has $455 billion in remaining performance obligations, up 359% from a year earlier. "This is a very historic kind of print right here from Oracle w

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Nvidia, Broadcom, TSMC, other AI names rally on Oracle's massive growth projections

cnbc.com Kif Leswing 2025-09-30 17:30:51

Oracle Corp Chief Executive Larry Ellison during a launch event at the company's headquarters in Redwood Shores, California June 10, 2014. Oracle 's massive growth trajectory for cloud infrastructure is lifting all boats. The cloud giant forecasted skyrocketing sales to $114 billion in the company's fiscal 2029, signalling demand for artificial intelligence processing will remain high over the next few years, and will require Oracle to build out new data centers. "The guide for a 14x of Oracl

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Elon Musk Was Just Unseated as the World’s Richest Person

gizmodo.com Ece Yildirim 2025-09-30 15:18:01

Oracle Chairman Larry Ellison is having a good morning. Oracle’s stock is up more than 42% on Wednesday, thanks to an earnings call on Tuesday that left investors stunned. The company missed earnings and revenue estimates, but the forward looking guidance alone was apparently good enough to get investors to rally around it. A bulk of that reaction had to do with the revenue that AI computing demand was expected to bring to Oracle’s cloud infrastructure service. The shares skyrocketed in respo

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Larry Ellison usurps Elon Musk as the world’s richest person

theverge.com Emma Roth 2025-09-30 21:29:12

is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Posts from this author will be added to your daily email digest and your homepage feed. Elon Musk can no longer claim the title of the world’s richest man — at least for the time being. The net worth of Oracle CTO and co-founder, Larry Ellison, ballooned by $101 billion on Wednesday morning, bringing his total fortune to $393 billion, according to

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Larry Ellison is $110 billion richer after blowout Oracle earnings report

cnbc.com Jordan Novet 2025-10-01 01:53:20

Oracle co-founder, CTO and Executive Chairman Larry Ellison (C), U.S. President Donald Trump, OpenAI CEO Sam Altman (R), and SoftBank CEO Masayoshi Son (2nd-R), share a laugh as Ellison uses a stool to stand on as he speaks during a news conference in the Roosevelt Room of the White House on January 21, 2025 in Washington, DC. Trump announced an investment in artificial intelligence (AI) infrastructure and took questions on a range of topics including his presidential pardons of Jan. 6 defendant

Topics: billion ellison oracle trump worth

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Oracle stock booms 40%, on pace for best day since 1992

cnbc.com Chris Eudaily 2025-10-01 09:50:24

Oracle stock roared 40% higher Wednesday, after reporting gobsmacking cloud demand numbers, setting the company on track for a historic gain. The cloud giant is on pace for its best day since 1992, and is now quickly approaching the $1 trillion market cap benchmark. Oracle is now at $950 billion. The company said it has $455 billion in remaining performance obligations, up 359% from a year earlier. "This is a very historic kind of print right here from Oracle with this backlog," Ben Reitzes,

Topics: analysts billion cloud company oracle

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Oracle soars 30% on cloud growth projections even as earnings miss estimates

cnbc.com Jordan Novet 2025-10-01 13:31:27

Oracle shares spiked 30 % Wednesday after the database software maker indicated hefty growth prospects due to new cloud contracts, even as earnings and revenue missed estimates. Here's how the company did in comparison with LSEG consensus: Earnings per share: $1.47 adjusted vs. $1.48 expected $1.47 adjusted vs. $1.48 expected Revenue: $14.93 billion vs. $15.04 billion expected Revenue increased 12% from $13.3 billion a year earlier during the quarter, which ended on Aug. 31, according to a s

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'We're all kind of in shock.' Oracle's revenue projections leave analysts slack-jawed

cnbc.com Ari Levy 2025-10-01 21:51:37

Oracle Chair and Chief Technology Officer Larry Ellison speaks at the Oracle OpenWorld conference in San Francisco on Sept. 16, 2019. John DiFucci from Guggenheim Securities said he was "blown away." TD Cowen's Derrick Wood called it a "momentous quarter." And Brad Zelnick of Deutsche Bank said, "We're all kind of in shock, in a very good way." That's how the analysts opened their comments and questions during Oracle's quarterly earnings call on Tuesday, as the company's stock price was in the

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Oracle pops 27% on cloud growth projections even as earnings miss estimates

cnbc.com Jordan Novet 2025-10-02 09:48:54

Oracle shares spiked 27% in extended trading on Tuesday after the database software maker indicated hefty growth prospects due to new cloud contracts, even as earnings and revenue missed estimates. Here's how the company did in comparison with LSEG consensus: Earnings per share: $1.47 adjusted vs. $1.48 expected $1.47 adjusted vs. $1.48 expected Revenue: $14.93 billion vs. $15.04 billion expected Revenue increased 12% from $13.3 billion a year earlier during the quarter, which ended on Aug.

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Oracle pops 22% on cloud growth projections even as earnings miss estimates

cnbc.com Jordan Novet 2025-10-02 13:51:35

Oracle CEO Safra Catz, center, speaks during a dinner at the White House in Washington on Sept. 4, 2025. President Donald Trump hosted technology and business leaders for dinner after they joined First Lady Melania Trump's meeting of the Artificial Intelligence Education Task Force at the White House. Oracle shares spiked 22% in extended trading on Tuesday after the database software maker indicated hefty growth prospects due to new cloud contracts, even as earnings and revenue missed estimates

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Oracle will reportedly power a giant data center with gas generators

engadget.com Unknown 2025-11-02 23:16:59

Bloomberg has published a deep dive into operations at Oracle, chronicling the software giant's rise in cloud computing and current push into powering artificial intelligence projects. The publication reported that Oracle has promised to develop tens of billions of dollars in data centers, which have become a hot business. Notably, Oracle landed a deal to back operations at OpenAI, in a partnership that will give the AI company 4.5 gigawatts of computing power . According to Bloomberg, that's en

Topics: center company data oracle power

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Oracle Will Reportedly Spend $1 Billion a Year on a Gas-Powered Data Center

gizmodo.com Bruce Gil 2025-11-03 09:45:36

Oracle is going all-in on its AI-focused cloud business, pouring billions into building massive new data centers. One site under construction in West Texas will reportedly cost the company around $1 billion just to keep the lights on. Bloomberg reported, citing unnamed sources familiar with the plans, that Oracle intends to spend more than $1 billion a year to run a new West Texas megasite on gas generators rather than wait for a utility hookup. It can take years to get approval and infrastruc

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Solving the Nostr web clients attack vector

news.ycombinator.com Unknown 2025-11-07 22:36:57

Aug 9 2025 Solving the Nostr web clients attack vector One problem Nostr still has to deal with is the fact that web clients are "owned" by someone, because they rely so much on the domain name they're served from. Everything is fine with, say, https://coracle.social/, until npub1jlrs53pkdfjnts29kveljul2sm0actt6n8dxrrzqcersttvcuv3qdjynqn decides to shut it down or maybe he is threatened to include some malicious code in there, most Coracle users are going to fall for that and Nostr will feel

Topics: coracle nostr npub1jlrs53pkdfjnts29kveljul2sm0actt6n8dxrrzqcersttvcuv3qdjynqn use web

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OpenAI agreed to pay Oracle $30B a year for data center services

techcrunch.com Julie Bort 2025-12-30 03:36:31

OpenAI was the company that signed a $30 billion per year deal with Oracle for data center services, disclosed last month, The Wall Street Journal reported on Monday. Now, OpenAI CEO Sam Altman has confirmed the details of the contract (but not the dollar amount) in an X post on Tuesday and in a company blog post. To recap, on June 30, Oracle disclosed in an SEC filing that it had signed a cloud deal that would generate $30 billion a year in revenue. However, the company didn’t say who it was w

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Nearly 3 out of 4 Oracle Java users say they've been audited in the past 3 years

news.ycombinator.com Lindsay Clark 2026-01-13 08:00:23

A survey of 500 IT asset managers in organizations that use Oracle Java has found that 73 percent have been audited in the last three years. Deal to 'save' UK colleges £45M in Oracle Java licensing fees followed audit requests READ MORE At the same time, nearly eight out of 10 Oracle Java users said they had migrated, or planned to shift, to open source Java to try to avoid the risk and high costs of the dominant vendor's development and runtime environments. Oracle introduced a paid subscrip

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Trump’s prospective TikTok buyer reportedly includes Oracle, Blackstone, a16z

techcrunch.com Amanda Silberling 2026-02-09 22:50:02

In Brief After pushing the TikTok sale date back yet again, President Donald Trump said in an interview on Sunday that he had found a potential buyer for the ByteDance-owned platform. Though the president said he will not reveal the identities of the buyers for another couple of weeks, Bloomberg is reporting that the buyer is a group of investors from Oracle, Blackstone, and VC firm Andreessen Horowitz (a16z). According to the report, these investors had made a bid, but it lost momentum amid t

Topics: buyer investors oracle president tiktok

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Oracle stock jumps after $30 billion annual cloud deal revealed in filing

cnbc.com Samantha Subin 2026-02-12 22:44:36

Oracle CEO Safra Catz speaks at the FII PRIORITY Summit in Miami Beach, Florida, on Feb. 20, 2025. Oracle shares jumped more than 5% after a recent filing showed a cloud deal that would add over $30 billion annually. CEO Safra Catz is slated to share the deal news at a company meeting Monday, according to a filing with the Securities and Exchange Commission. The revenues are expected to start hitting in the 2028 fiscal year. "Oracle is off to a strong start in FY26," Catz is expected to say,

Topics: according catz expected filing oracle

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JavaScript Trademark Update

news.ycombinator.com Unknown 2026-02-13 05:52:00

On June 18, the Trademark Trial and Appeal Board (TTAB) dismissed our fraud claim against Oracle. We disagree with this decision. That claim alleged Oracle knowingly misled the USPTO in its 2019 renewal by submitting a screenshot of the Node.js website to show use of the “JavaScript” trademark. As the creator of Node.js, I find that especially offensive. Node.js was never an Oracle product or brand. Oracle didn’t create it, didn’t run it, and wasn’t authorized to use it to prop up its trademark

Topics: claim fraud javascript oracle trademark

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UK unis to cough up to £10M on Java to keep Oracle off their backs

news.ycombinator.com Lindsay Clark 2026-03-11 21:57:50

UK universities and colleges have signed a framework worth up to £9.86 million ($13.33 million) with Oracle to use its controversial Java SE Universal Subscription model, in exchange for a "waiver of historic fees due for any institutions who have used Oracle Java since 2023." Jisc, a membership organization that runs procurement for higher and further education establishments in the UK, said it had signed an agreement to purchase the new subscription licenses after consultation with members.

Topics: java licensing oracle said subscription

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Oracle's stock closes out best week since 2001 on cloud momentum

cnbc.com Jordan Novet 2026-03-12 12:08:43

Oracle CEO Safra Catz speaks at the FII PRIORITY Summit in Miami Beach, Florida, on Feb. 20, 2025. Oracle shares enjoyed their best week since 2001 as Wall Street cheered a strong earnings report and bullish comments on the company's prospects in cloud computing. The stock jumped about 24% for the week, with almost all the gains coming in the two trading days after the company's quarterly earnings release. The last time Oracle had a better week was in April 2001, in the midst of the dot-com cr

Topics: billion cloud company earnings oracle

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Oracle's stock on pace for best week since 2001 on cloud momentum

cnbc.com Jordan Novet 2026-03-12 15:36:15

Oracle shares are on pace for their best week since 2001 as Wall Street cheers a strong earnings report and bullish comments on the company's prospects in cloud computing. The stock is up about 24% for the week, with almost all the gains coming in the two trading days after the company's quarterly earnings release. The last time Oracle had a better week was in April 2001, in the midst of the dot-com crash, when so-called dead-cat bounces were common. The prior quarter Oracle shares lost almost

Topics: billion cloud company earnings oracle

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Latest Tech News

Trump's TikTok deal will give control to a group of US investors, report says

Larry Ellison briefly becomes world's richest person

OpenAI Needs Data Centers So Much, It Signed a $300B Deal With Oracle

Oracle shares retreat 6% after sharpest rally in more than 30 years

Oracle shares retreat 7% after sharpest rally in more than 30 years

OpenAI reportedly signs $300 billion Project Stargate cloud deal with Oracle

Oracle stock gains 36% to post best day since 1992, adding $244 billion in value

Larry Ellison is $100 billion richer after blowout Oracle earnings report

OpenAI and Oracle reportedly ink historic cloud computing deal

Oracle stock booms 35%, on pace for best day since 1992

Nvidia, Broadcom, TSMC, other AI names rally on Oracle's massive growth projections

Elon Musk Was Just Unseated as the World’s Richest Person

Larry Ellison usurps Elon Musk as the world’s richest person

Larry Ellison is $110 billion richer after blowout Oracle earnings report

Oracle stock booms 40%, on pace for best day since 1992

Oracle soars 30% on cloud growth projections even as earnings miss estimates

'We're all kind of in shock.' Oracle's revenue projections leave analysts slack-jawed

Oracle pops 27% on cloud growth projections even as earnings miss estimates

Oracle pops 22% on cloud growth projections even as earnings miss estimates

Oracle will reportedly power a giant data center with gas generators

Oracle Will Reportedly Spend $1 Billion a Year on a Gas-Powered Data Center

Solving the Nostr web clients attack vector

OpenAI agreed to pay Oracle $30B a year for data center services

Nearly 3 out of 4 Oracle Java users say they've been audited in the past 3 years

Trump’s prospective TikTok buyer reportedly includes Oracle, Blackstone, a16z

Oracle stock jumps after $30 billion annual cloud deal revealed in filing

JavaScript Trademark Update

UK unis to cough up to £10M on Java to keep Oracle off their backs

Oracle's stock closes out best week since 2001 on cloud momentum

Oracle's stock on pace for best week since 2001 on cloud momentum

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