Tag: AI data centres

Oracle Chairman Larry Ellison. Last month, Oracle said that it would raise as much as $50 billion in 2026 to fuel its AI data centre plans. (Reuters)
Posted in Business

Oracle layoffs to impact thousands in AI cash crunch| Business News

Oracle Corp. is planning to ax thousands of jobs, among its moves to handle a cash crunch from a massive AI data centre expansion effort….

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Foxconn has separately announced a venture with Intrinsic to explore AI data centres. (Reuters)
Posted in Business

OpenAI teams up with Foxconn to build hardware for AI data centres| Business News

OpenAI is partnering with Hon Hai Precision Industry Co. (Foxconn) to design and manufacture hardware for AI data centres, amid a grow need for AI…

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OpenAI CEO Sam Altman says it “might make sense” for governments to build their own AI infrastructure for public benefit. (Reuters)
Posted in Business

OpenAI doesn’t want a US bailout, Sam Altman says amid fears of an AI bubble| Business News

Sam Altman has pushed back at the idea that OpenAI Inc. would seek federal guarantees to reduce the risk of its AI infrastructure spending spree,…

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