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The Latest Breaking News from OCI

Oracle AI Push Lands Meta As Customer. But Stock Falls On Narrow Earnings Miss.

Oracle stock fell on an earnings miss but analysts highlighted continued momentum for it AI push.

Investors Business Daily

Oracle Juggles GenAI Ambitions, Tight IT Budgets: What's Next For The Stock?

Oracle faces challenges as it pursues GenAI and cloud growth with cautious IT budgets. Stock target of $140 by 2025 suggests tempered outlook.

Benzinga

AMD lands yet another major cloud deal as Oracle adopts thousands of Instinct MI300X GPUs to power new AI supercluster

Oracle Cloud Infrastructure will add the AI accelerator to its selection of bare metal instances.

TechRadar

From analysis to the latest developments in health,
read the most diverse news in one place.

Elon Musk and Larry Ellison begged Nvidia CEO Jensen Huang for AI GPUs at dinner

Larry Ellison talked about how he asked Jensen Huang over dinner to give him 131,072 Blackwell GPUs for the planned Zettascale Oracle Supercluster.

Tom’s Hardware

Nvidia and Oracle team up for Zettascale cluster: Available with up to 131,072 Blackwell GPUs

Oracle says Nvidia's Blackwell GPUs will be available in 2025 as it announces Zettascale cluster powered by up to 131,072 Blackwell GPUs.

Tom’s Hardware

Oracle Stock Breaks Out On AI Growth, Cloud Partnership With Amazon

Oracle stock jumped after it reported a Q1 earnings beat and revealed plans to partner with cloud-services rival Amazon.

Investors Business Daily

Oracle Earnings Report, Cloud Conference To Put AI Push In Focus

Oracle is looking to build on a strong 2024 when it publishes earnings and hosts a customer conference next week.

Investors Business Daily

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US leads wealthy countries spending billions of public money on unproven ‘climate solutions’

Exclusive: Over $12bn in subsidies awarded for technologies like carbon capture experts call ‘colossal waste of money’

The Guardian - US

When light meet bytes: Intel debuts crucial optical tech that will boost AI performance — OCI chiplet can move up to 4Tbps and consume nearly 70% less power than rivals

Intel has unveiled its optical compute interconnect (OCI), the industry's first fully integrated bidirectional optical I/O chiplet.

TechRadar

‘No reason provided’: Another French journalist says ‘forced to leave’ India

Sébastien Farcis, a French journalist who was the India correspondent for Radio France Internationale and Libération, has claimed that he was forced to leave the country with the Ministry of Home Affairs denying the renewal of his journalist permit. “No reason has been provided to justify this work ban,” he…

Newslaundry

Analyst updates Oracle stock price target after earnings

Here's what could happen next to Oracle shares.

The Street

Apple Intelligence may be reason why OpenAI wants Microsoft to work with archrival Oracle — Azure may be feeling the pinch as iOS 18 AI-focus means far more GPUs are required

Oracle, Microsoft and OpenAI are joining forces to meet the expected demand from Apple Intelligence.

TechRadar

‘Lost right to write’: Months after ‘forced' exit, French journo details ‘Modi’s autocratic turn’

Over four months after she was “forced to leave India”, French journalist Vanessa Dougnac has written a detailed account of how she was “banned from practicing my profession as a journalist” in a cover story for French magazine La Croix L’Hebdo.

Newslaundry

World’s biggest economies pumping billions into fossil fuels in poor nations

G20 countries spent $142bn in three years to expand operations despite a G7 pledge to stop doing so, study finds

The Guardian - UK

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The Hindu

Delhi HC seeks Centre's stand on French journalist Vanessa Dougnac's plea over refusal to permit journalistic activities

The Delhi High Court sought the Centre’s stand on a petition by French journalist Vanessa Dougnac, an OCI card holder, against the denial of permission to carry out journalistic activities in India

Top News

Oracle Cloud Infrastructure experiences exponential growth, outpaces competitors in market

Oracle Cloud Infrastructure (OCI) is experiencing rapid growth in the competitive cloud service provider market. With a global scale and innovative offerin...

Newslaundry

How OCI journalists in India are navigating uncertain work permissions amid govt scrutiny

French journalist Vanessa Dougnac, whose overseas citizenship of India status is under threat, first came under the government’s scrutiny more than two years ago. In September 2022, the ministry of home affairs revoked her special permission to work in the country as a media professional.

The Hindu

Banks have no power to withhold or retain passport or OCI card: Karnataka High Court

Banks have no power in law to either withhold or retain a passport issued by a foreign country or the Overseas Citizen of India (OCI) card, the High Court of Karnataka has said.

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Investors Business Daily

Oracle Earnings Watch: AI Push, Cloud Progress In Focus

What's at stake for Oracle stock heading into ORCL's fiscal second quarter earnings report? Its AI push will be in focus.

The Hindu

Madras High Court played a role in selecting the Indian Men’s Bridge team that clinched silver in Asian Games 2023

Congrats to Indian Men's Bridge Team for Silver Medal at Asian Games; Madras High Court played key role in selection. Bench dismissed writ appeal of OCI seeking to represent India in international tournaments. Court concurred with BFI that only Indian citizens can represent country. Judges stated OCI cardholders cannot seek…

Barchart

Is Oracle a Good AI Stock to Buy Now?

Oracle stock has almost tripled in the last five years and continues to outpace the broader markets in 2023. Should the cloud giant be a part of your equity portfolio right now?

Fortune

Green shipping is here. Except it really isn't

Does the transition to green shipping depend on greater demand? Maybe, maybe not.

StockNews.com

3 Great Stocks to Buy and Hold Until You Retire

The recent banking turmoil caused by high-profile bank failures, renewed recession fears, and uncertainty over the Fed’s next move have significantly affected investor sentiment. Amid an uncertain market backdrop, it could be wise to buy and hold fundamentally sound, dividend-paying stocks Oracle Corporation (ORCL), CVS Health (CVS), and Humana (HUM)…

The Conversation

Working prisoners are entitled to employment and safety standards just like anybody else

The Correctional Service of Canada (CSC) recently ended its longstanding relationship with the meatpacking company, Wallace Beef.

Asharq Al-Awsat

UAE Exports First Low-Carbon Ammonia Shipment

The Abu Dhabi National Oil Company (ADNOC) announced on Thursday that it had shipped its first ever shipment of low-carbon ammonia to Hamburg, Germany. Arubis, a global provider of non-ferrous metals and one of the world's largest copper recyclers, will receive this shipment. Developed by Fertiglobe, a partnership between ADNOC…

People

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