Meta, Microsoft push data center lease commitments past $850 billion
Why it matters: The long-dated obligations signal years of spending on AI chips, power and server capacity across the industry.
Subject
#Oracle
Oracle cuts 21,000 jobs as AI data center spending rises
Oracle booked US$1.8 billion in restructuring costs as staff fell to 141,000 as of May 31.
Oracle cut 21,000 jobs in a year as AI reshaped operations
Why it matters: The reductions cost Oracle about $1.8 billion and left its workforce below pre-Cerner levels.
Oracle plans up to $95 billion in FY2027 AI spending, shares fall
What's new: Oracle expects to raise nearly $40 billion in debt and equity in 2027 as margins weaken during the data-center buildout.