Oracle turns to a utility CFO to oversee its finances as its spends hundreds of billions on new data centers.

Oracle reinstates the CFO role by hiring Hilary Maxson from Schneider Electric as the company reportedly lays off thousands amid a massive AI buildout.

On Tuesday, Oracle Corporation said its rapidly expanding AI data center business is already profitable, though heavy construction and expansion costs are temporarily weighing on overall margins.

Oracle CEO Mike Sicilia reveals host of new launches and announcements Oracle bidding to build “the world's largest AI cloud” 22 new Fusion AI apps and new database AI tools among new offerings The ...

During the company's fiscal third-quarter earnings call, Oracle Co-CEO Clay Magouyrk said the company's AI infrastructure is delivering healthy returns even as the tech giant aggressively builds new ...