The TikTok deal is done and the US business is now officially known as "TikTok USDS Joint Venture LLC." Oracle will own a significant, but not controlling stake in the new TikTok JV. Oracle, alongside ...
TikTok's Chinese owner, ByteDance, has effectively transferred ownership of a portion of TikTok's US operations to a majority-American consortium of investors. ByteDance has transferred part of TikTok ...
In recent weeks, Oracle has come under pressure after bondholders filed a proposed class-action lawsuit alleging the company did not fully disclose the scale of additional debt it would seek to fund ...
Shares of enterprise software giant Oracle (NYSE:ORCL) fell 3.9% in the afternoon session after geopolitical tensions between the United States and the European Union escalated, sparking fears of a ...
Oracle is betting big on AI infrastructure. A massive deal with OpenAI could pay off over the next few years, but a lot has to go right. If the AI industry overbuilds AI data centers, Oracle will be ...
Larry Ellison’s Oracle is stumbling into the end of the year with its shares taking a beating. The tech firm’s stock has plummeted 30% so far this quarter, CNBC noted Friday. Only four trading days ...
Abu Dhabi's state investment fund will also be a managing investor. By Alex Weprin Senior Editor The TikTok sale is officially happening, with a consortium of American investors set to take over U.S.
Oracle said talks for an equity deal to support its Michigan data center project remain on schedule and do not include Blue Owl Capital, after a report of stalled negotiations with the crucial partner ...
Mr. Sunstein, a professor at Harvard Law School and a former member of the Obama administration, identifies the real benefit of AI as its capacity to overcome human “cognitive biases.” Deeply ...
Aaron McDade is a breaking news reporter for Investopedia. He is an experienced journalist who has covered everything from the latest in business and tech news to sports and international news like ...
RUNNING A GIANT software business used to be fun. Sure, coming up with a great product was a grind. But once you had one that customers could not live without—be it Microsoft Office, Amazon.com, ...
Three months ago, Oracle (ORCL) was trading at an all-time high of nearly $346, driven by ambitious expansion plans and a narrative focusing on nuclear-powered data centers. Currently, with the stock ...