Oracle Cloud to deploy 50,000 AMD AI chips
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The software maker is hosting a four-day AI World conference starting Monday in Las Vegas, where much of the focus will be on Oracle’s cloud computing business, whose rapid expansion has fueled a 81% run-up in the stock that has made it one of 2025’s best performers in the S&P 500.
Oracle will deploy 50,000 AMD GPUs by 2026 to power an AI supercluster, setting a new benchmark for scalable, efficient infrastructure across the AI industry.
Oracle Corp. on Monday promoted Clay Magouyrk and Mike Sicilia to become co-chief executive officers, signaling the company’s focus on its rapidly expanding cloud computing business.
The UK Government's Home Office has signed a new cloud computing contract with Oracle valued at almost £54 million ($72m). As first reported by Public Technology, the contract will start in November 2025 and run for five years.
Oracle Corp. shares fell nearly 7% after a report revealed lower-than-expected profit margins in its cloud computing segment. Despite generating $900 million in revenue, gross profit was only $125 million.
Oracle Corp. is in discussions with Meta Platforms Inc. for a cloud computing deal worth about $20 billion, providing further evidence that the company has become a significant infrastructure provider.
Oracle’s data centers are purpose-built for artificial intelligence (AI). The tech giant is winning high-value contracts across the AI landscape. Oracle is working with AWS, Microsoft Azure, and Google Cloud through its multicloud offering. Oracle is a ...
Oracle Corp on Thursday said it won deals with McDonald's Corp , Albertsons Companies Inc and Humana Inc to move some of their work to Oracle's cloud computing services.