CNBC's Eamon Javers and Eunice Yoon join 'Squawk Box' to break down President Trump's executive order to keep TikTok running in the United States.
Donald Trump on Thursday signed an executive order laying out a proposed deal for a US version of TikTok that would see Chinese ownership reduced to 20% and put control in the hands of the president's allies.
“I spoke with President Xi,” Trump said. “We had a good talk.
ORCL's cloud revenues surge as a bold $35B data center expansion and major AI contracts fuel long-term growth ambitions.
Oracle is reportedly looking to raise funds just weeks after the company inked an historic AI infrastructure deal with OpenAI.
OpenAI, Oracle and SoftBank on Tuesday announced plans for five new artificial intelligence data centers in the United States to build out their ambitious Stargate project.
CNBC's MacKenzie Sigalos reports on news regarding OpenAI.
Move over Nvidia (NASDAQ:NVDA), there seems to be a new hot stock in town after Oracle (NYSE:ORCL) pulled the curtain on one of the best and most shocking quarters from a large-cap firm you'll hear of.
Oracle (ORCL) has named Clay Magouyrk and Mike Sicilia, two company insiders, as co-CEOs, replacing Safra Catz. The C-suite shake-up comes after President Trump said Oracle co-founder Larry Ellison is among the tech and media moguls who could be involved in the US arm of TikTok.
Oracle (ORCL) Monday named two new CEOs, including the former head of its cloud infrastructure business, to take over from Safra Catz as the software firm boosts its bets on AI.
Oracle Corporation is poised for hypernuclear growth, driven by a 359% YoY surge in RPO and a potential $20B deal as Meta considers tapping Oracle for AI cloud compute. Plus, it is highly likely that the U.S. govt. will announce the TikTok divestment soon, which will strengthen ORCL's position with potential incremental annual revenues to exceed up to $800M. Oracle's cloud backlog explosion and multi-billion-dollar contracts position it to rival hyperscalers like AWS, Azure, and Google Cloud over the next four years.
Oracle has named Clay Magouyrk and Mike Sicilia as CEOs, with current CEO Safra Catz becoming executive vice chair of the technology company's board.