Oracle's $553B AI Backlog Says Cloud Is Cashing In
Oracle's Q3 FY2026 results show $553B in contract backlog - up 325% year-over-year - as AI infrastructure demand continues to outpace supply.
Oracle
Iran Targets US Tech Facilities - What It Means for AI
Iran's IRGC designated facilities of Amazon, Nvidia, Microsoft, Google, Oracle, IBM, and Palantir across Israel and the Gulf as legitimate targets - with AWS data centers already struck by drones.
Oracle and OpenAI Scrap Texas Stargate Data Center Expansion
Oracle and OpenAI abandoned plans to expand their flagship Abilene data center from 1.2 GW to 2 GW after financing talks collapsed and a winter cooling outage strained relations with operator Crusoe.
Oracle Plans 30,000 Layoffs to Fund $50B AI Data Center Bet
Oracle is cutting up to 30,000 jobs to free $8-10 billion in cash flow for AI data centers, the largest AI-driven corporate restructuring announced to date.
Seven Tech Giants Will Sign Trump's 'Ratepayer Protection Pledge' to Build Their Own Power for AI Data Centers
Amazon, Google, Meta, Microsoft, xAI, Oracle, and OpenAI will meet at the White House on March 4 to sign a voluntary pledge to build, bring, or buy their own electricity supply for AI data centers - but the agreement has no enforcement mechanism.
OpenAI Targets $600 Billion in Compute Spend by 2030 as It Eyes a $1 Trillion IPO
OpenAI projects $600 billion in compute spending through 2030, with NVIDIA investing $30 billion and a potential $1 trillion IPO. But inference costs quadrupled in 2025 and the Stargate project faces internal disputes.
