Oracle
Company · Technology
Technology
Oracle invokes force majeure on a 2.45 gigawatt Stargate campus
Two state permit denials for a gas pipeline threaten the 2028 timeline, sending the project's US$18 billion construction loan trading below 90 cents on the dollar.
Iran-US War
Iran's Guard Threatens Apple, Google, and Microsoft in the Gulf
Iran's Islamic Revolutionary Guard Corps issued a formal strike directive on March 31, 2026, naming 18 American and Gulf-based technology companies as legitimate military targets across the Middle East.
News
Oracle fires 30,000 workers globally in 6am emails, 12,000 from India
Oracle laid off up to 30,000 employees worldwide on March 31, 2026, with 12,000 cuts in India alone. Affected staff received termination emails around 6am IST with no prior warning. The company had 162,000 employees as of May 2025.
AI
Trump Names Zuckerberg, Huang, Ellison to White House AI Council
Trump appointed 13 tech executives to his White House science council, including Meta's Zuckerberg, Nvidia's Huang, and Oracle's Ellison. The council will advise on AI research, chip development, and workforce strategy. Musk and Altman were not included.
Geopolitics
David Sacks Out as AI Czar, Joins Billionaire Council
The PayPal Mafia veteran's 130-day stint as Trump's crypto and AI czar is over. He moves to PCAST, an advisory body stacked with Jensen Huang, Mark Zuckerberg, Larry Ellison, and Sergey Brin. He'll advise on policy. He won't make it.
AI & Search
Oracle's AI Boom Is Already Priced In. 2027 Will Be the Test.
Q3 beat and 46–50% cloud guidance show demand signals, not AI victory. What Oracle's earnings actually reveal about the infrastructure buildout timeline.
Technology
Oracle and OpenAI Abandon Flagship Texas Data Centre in Stargate Setback
Financing disputes and shifting priorities have ended plans for a major AI data centre, raising questions about the infrastructure buildout the AI boom depends on.