Oracle (NYSE:ORCL) stock was actually down slightly on the day just before noon, but surged 3% almost in a straight line higher on news that Elon Musk’s xAI is in talks to rent Oracle servers in what could be a $10 billion deal.This deal between Elon Musk’s artificial intelligence startup and the cloud services provider appears to center around additional proposed capacity. Allegedly, this additional capacity would contribute to Musk’s plans to more truly rival OpenAI.However, reports of the deal, citing so ...

Elon Musk's artificial intelligence startup xAI is in talks with Oracle (ORCL) on a multiyear, $10 billion cloud-computing deal, The Information reported Tuesday. Oracle stock jumped on the news.X Musk's xAI startup would become one of Oracle's largest customers, according to the report. The Information cited a person involved in the talks. The year-old xAI hopes to challenge OpenAI as a developer of large language models that power generative AI tools.On the stock market today, Oracle stock is up more than ...

Oracle recognized based on its Ability to Execute and Completeness of Vision AUSTIN, Texas, May 14, 2024 /PRNewswire/ -- Oracle has been named a Leader in the 2024 Gartner® Magic Quadrant™ for Warehouse Management Systems for the ninth consecutive year. Oracle was recognized based on its Ability to Execute and Completeness of Vision. A copy of the report is available here. "Fast-changing market conditions and increasing customer demand puts added pressure on organizations' warehouse, inventory, and fulfillm ...

With the Oracle Nor 1 AI-powered upselling tool, properties can help increase revenue while providing tailored experiences to guests Properties using Nor1 eStandby Upgrade averaged a 17% uptick in upsell revenue per transaction over booked rates AUSTIN, Texas, May 14, 2024 /PRNewswire/ -- Oracle Hospitality today announced that it has signed an agreement with Choice Hotels International, one of the largest lodging franchisors in the world, to extend its AI-powered merchandising solution Oracle Nor1, to its ...

Oracle (ORCL) closed the most recent trading day at $116.37, moving -0.26% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.02%. Elsewhere, the Dow lost 0.21%, while the tech-heavy Nasdaq added 0.29%.The software maker's shares have seen a decrease of 3.67% over the last month, not keeping up with the Computer and Technology sector's gain of 1.39% and the S&P 500's gain of 1.29%.Analysts and investors alike will be keeping a close eye on the performance of Or ...

Microsoft, Amazon, and Alphabet dominate the cloud industry. However, Oracle is emerging as a major force and looks like a great investment opportunity.Right now, there are only seven companies in the world with a market capitalization in excess of $1 trillion. Ranked in order from largest to smallest, those companies are Microsoft, Apple, Nvidia, Alphabet, Amazon, Saudi Arabian Oil, and Meta Platforms.The obvious theme here is that most of these companies operate in the technology sector. Moreover, within ...

Oracle (ORCL) is set to boost its research and development (R&D) capabilities in Morocco by expanding its local workforce to 1,000 information technology professionals. This investment aims to accelerate the development of ORCL’s advanced technologies, addressing customer challenges worldwide.The expansion of Oracle's R&D presence in Morocco aims to leverage the country's deep talent pool to expedite the development of solutions that help global customers.The expansion will empower young Moroccans to lead i ...

Oracle has reportedly encountered obstacles in its ambitious plans for electronic medical records company Cerner, which it acquired for $28 billion in December 2021.The company has lost several major clients since the acquisition, its focus has shifted from innovative product ideas to upgrading legacy systems, and its engineers have been taken aback by the effort required to implement changes and migrate customers to the cloud, Bloomberg reported Thursday (May 9), citing interviews with current and former e ...

More than 1,000 new employees will develop cloud and AI solutions for global export AUSTIN, Texas, May 9, 2024 /PRNewswire/ -- Oracle will expand its research and development (R&D) capabilities in Morocco by growing its local workforce to 1,000 information technology (IT) professionals. This investment will accelerate the development of Oracle's cutting-edge technologies that help solve customer challenges worldwide. Today, Ms. Ghita Mezzour, Minister in charge of Digital Transition and Administration Refor ...

Oracle recognized for excellence in complex billing, commercial and industrial customer management, demand response, and innovative programs for limited-income consumers AUSTIN, Texas, May 9, 2024 /PRNewswire/ -- In the evolving energy landscape, energy and water providers have adapted by diversifying their service portfolios, embracing cloud technologies, and prioritizing customer experience. In recognition of its ability to help organizations meet the expanding needs of both residential and commercial and ...