Oracle, TikTok
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Oracle Corp. shares rose on news that negotiations over the future of TikTok are progressing, relieving some uncertainty around one of the software company’s key customers.TikTok has been in limbo since the US decided to ban the app unless its Chinese owner divested it.
Wall Street was floored by Oracle's huge revenue forecast. Now, a top bank says its sales boom is set to lift this under-the-radar energy stock.
As CBS reports, Oracle is leading a "consortium of firms" that will may acquire TikTok's U.S. business and permit the company to distance itself sufficiently from China and the Communist Party to permit it to continue operating in the U.S.
Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
Ellison was raised in a Reform Jewish home by his adoptive parents, and famously refused to have a bar mitzvah because Hebrew school conflicted with his baseball practice. He has also been a major
Following the first-quarter report, major news outlets reported that a gigantic deal with OpenAI was behind a big chunk of this new contracted revenue Oracle disclosed. OpenAI has reportedly committed to spending $300 billion over approximately five years on computing power from Oracle, a staggering sum.
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TikTok Is a Waste of Money for Oracle
Oracle is a rumored buyer of TikTok, even though the Chinese social media company would seem to be a very poor fit with its portfolio.
In the late 1970s, a startup founded by Larry Ellison and two fellow computer programmers got a big break in the form of a CIA contract to build a database program code-named Oracle, which later became the name of the company.
Oracle Corp. today announced a series of new agentic artificial intelligence extensions to its Fusion Cloud Human Capital Management suite, bringing the number of agents in the application to more than 100.
Oracle has submitted permits to prepare for the construction of an estimated $2 billion campus in Nashville, Tenn., the Nashville Business Journal reported. Larry Ellison, the company’s co-founder, chair and chief technology officer,
Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.