> About
American multinational technology company specializing in database software, enterprise applications, and cloud infrastructure. Major player in AI supercomputing with OCI Zettascale10, featuring 800,000 NVIDIA GPUs. Partnered with OpenAI on Stargate project.
Website
https://www.oracle.comCEO
Clay Magouyrk, Mike Sicilia (Co-CEOs)
Founded
1977
Valuation
$400B+
> Founders
> Products & Services
> Funding
Total: Publicly traded
Latest Round: IPO: March 1986
Investors:
- Stock ticker: ORCL
> Layoffs
355 employees
Additional layoffs in Seattle (101) and California (254), restructuring toward cloud services and AI
Source3000 employees
Global layoffs primarily in Oracle Cloud Infrastructure (OCI) division, strategic shift toward AI and cloud services
SourceHundreds of employees laid off in health unit, rescinded job offers, paused raises and promotions
SourcePosition reductions in Cerner digital health-records unit, particularly marketing and creative services
Source> Controversies
Massive enterprise data collection. Provides infrastructure for AI companies. Part of the AI supercomputing arms race. Long history of aggressive business practices.
> Direct Action
> Union & Labor
Employee Count
164,000 employees
Union Status
> Office Locations
2300 Oracle Way, Austin, TX, USA
> Data Centers
> OpenAI Stargate Abilene
Stargate #confident
Location
5502 Spinks Rd, Abilene, TX 79601
32°29'59"N, 99°47'02"W
H100 Equiv
254.7K
Power
295 MW
Cost
$8.00B
Users
Investors
Construction
Energy
Data Center Sources Sources:
> Social Media
Twitter/X
@OracleLinkedIn
https://www.linkedin.com/company/oracleFacebook
https://www.facebook.com/OracleInstagram
@oracleYouTube
https://www.youtube.com/@Oracle