Oracle's stock surges 8.51% after Trump announces $500B AI initiative, solidifying its role as a key AI provider. CEO Ellison's stake also rises.
Stargate "will be the most important project of this era,” OpenAI CEO Sam Altman said Tuesday alongside Trump.
Oracle (ORCL) stock jumped 7% on Tuesday after a report said the company was set to be part of a $500 billion investment in AI infrastructure that will be announced by President Trump on Tuesday. CBS News reported Tuesday Trump is set announce a new private sector investment to build artificial intelligence infrastructure in the US,
Oracle (ORCL) stock jumped 7% on Tuesday — and continued its ascent in after-hours trading — as President Donald Trump announced it would be part of a $500 billion investment in AI infrastructure with other leading tech companies.
Zuckerberg said the workforce has been "culturally neutured." With anti-DEI rhetoric on the rise, will women feel the impact?
The Meta CEO's comments on masculinity ignore the reality of systemic inequality and the harms of reinforcing aggressive corporate culture.
Jeff Bezos, Mark Zuckerberg, Elon Musk, and other tech leaders are providing Trump with a warmer welcome to the White House than eight years ago.
WE Fashion chooses Oracle Cloud to modernize its business processes and enhance security and agility. Oracle will use AI to optimize merchandise management.
Meta is pursuing a MAGA makeover, in the latest political pivot for a company that once banned the now-president-elect from its platforms.
Of course, Zuckerberg had more to say. The Meta CEO criticized Apple for its "random rules," such as taking 30 percent of profits from apps on the iOS App Store or the inability of third-party devices to work seamlessly with iPhones like AirPods. In Zuckerberg's words, this is how Apple makes money in a world where iPhone sales are slowing down.
Oracle (ORCL) stock jumped as much as 6% after a report said the company is set to be part of a $500 billion investment in AI infrastructure that will be announced by President Trump on Tuesday. CBS News reported Tuesday Trump will announce a new private sector investment to build artificial intelligence infrastructure in the US,