Oracle - Asia Tech Wire

Oracle

2025.01.27

11:54

Xinchen Technology: As a distributor of Oracle, the company maintains a good cooperative relationship with it to meet the business needs of the company's customers.

2025.01.23

08:31

OpenAI: Stargate project will provide massive computing power and reduce costs

Kevin Weil, chief product officer at OpenAI, said the Stargate project will provide the massive computing power needed to train more advanced AI models, reduce costs, and maintain the future development of AI in the United States. Stargate is a newly announced AI infrastructure program supported by OpenAI, Oracle, and SoftBank, with a target investment of $500 billion. Weil said the initial focus will be on building data centers to accommodate GPUs (graphics processing units) for training and running AI models. Weil was vague about whether OpenAI itself would eventually enter the chip manufacturing field, saying only: "We'll see." Although the cost of training and running advanced AI models is still high, Weil pointed out that computing costs have fallen by 99% in two years.

05:01

US stocks closed: Nasdaq rose more than 1%, Stargate concept stocks led the gains

U.S. stocks closed on Wednesday, with the Dow Jones Industrial Average initially closing up 0.3%, the S&P 500 up 0.6%, and the Nasdaq down 1.28%. Stargate concept stocks rose across the board, with Arm (ARM.O) up 16%, Oracle (ORCL.N) up 6.7%, Nvidia (NVDA.O) and Microsoft (MSFT.O) up 4%. The Nasdaq China Golden Dragon Index closed down 0.66%, Alibaba (BABA.N) up 1%, Li Auto (LI.O) and Bilibili (BILI.O) down more than 4%.

2025.01.22

23:05

Nasdaq breaks through 20,000 points intraday

The Nasdaq broke through the 20,000 point mark during trading, up about 1.3%. Star technology stocks Netflix rose nearly 13%, Oracle rose more than 6%, Nvidia rose nearly 4%, and Microsoft rose nearly 3%.

22:31

At the opening of the US stock market, the Dow Jones Industrial Average rose 0.35%, the S&P 500 rose 0.58%, and the Nasdaq rose 0.78%. Netflix (NFLX.O) rose 13.65%, with outstanding performance in Q4, and international investment banks have raised their target prices. The artificial intelligence sector rose, with Oracle (ORCL.N) rising 10.75% and Nvidia (NVDA.O) rising 2.16%, after Trump announced a $500 billion investment plan for AI infrastructure.

17:17

The U.S. stock market's artificial intelligence sector rose before the market opened, with Oracle (ORCL.N) up 7%, C3.ai (AI.N) up 6.4%, Arm (ARM.O) up 4%, and Super Micro Computer (SMCI.O) up 3.8%.

17:11

Oracle (ORCL.N) shares rose 9% in pre-market trading after U.S. President Trump announced a $500 billion investment plan in AI infrastructure.

17:11

Oracle's US stock rose more than 9% before the market opened

Oracle's U.S. stock rose more than 9% in pre-market trading. Trump will announce that OpenAI, SoftBank and Oracle will jointly invest in artificial intelligence infrastructure.

2025.01.19

13:14

TikTok has been removed from Apple and Google app stores

Currently, the TikTok app has been removed from the Apple and Google app stores. When users log in to TikTok, they will be prompted that "TikTok is currently unavailable." It is reported that Oracle, the main cloud computing provider for TikTok's US business, has informed employees to shut down the server hosting TikTok data at 21:00 Eastern Time on January 18.

10:04

According to The Information: Oracle (ORCL.N) is preparing to shut down TikTok servers starting Saturday night local time.

2025.01.13

19:59

The United States has introduced new regulations on AI chips, and Oracle has clearly opposed it

On the 13th, the US government announced new regulations on the control of US-made AI chips, which set a computing power ceiling for US companies to sell chips to most countries. The United States has no restrictions on chip sales to 18 key allies and partners. Most other countries will face total computing power restrictions, with each country being able to obtain up to about 50,000 AI GPUs between 2025 and 2027. The United States will also exempt chip sales licenses with lower collective computing power, such as sales to universities and research institutions. U.S. Commerce Secretary Raymondo said that companies will have a 120-day comment period. Two technology giants, Nvidia and Oracle, recently criticized the new US AI chip control regulations. Oracle said that the new regulations could become one of the most destructive policies in the history of the US technology industry, "directly reducing the global chip market for US companies by 80%."

2024.09.19

04:13

Oracle-backed chip design firm Ampere said to be considering sale

Asia Tech Wire (Sep 19) -- Oracle-backed semiconductor startup Ampere is exploring a potential sale option, according to Bloomberg.

2024.06.25

03:08

Oracle says sell-or-ban bill against TikTok will hurt its financial results

Asia Tech Wire (June 25) -- U.S. technology company Oracle Corp. warned in its annual report to the U.S. Securities and Exchange Commission (SEC) on Monday that the U.S. government's "sell or ban" bill against TikTok may hurt the company's financial results.

2024.04.18

07:36

Oracle joins Amazon, Microsoft to expand cloud services in Japan

Asia Tech Wire (Apr 18) -- U.S. cloud computing giant Oracle Corp. has announced the expansion of its cloud services in Japan, following in the footsteps of Amazon and Microsoft.

2022.03.11

11:09

TikTok nearing deal with Oracle to store U.S. user data locally

Asian Tech Press (Mar. 11) -- TikTok is nearing a deal with U.S. cloud computing giant Oracle Corp. to store U.S. user data without its Chinese parent company ByteDance having access to it.

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