Oracle began layoffs on Tuesday as it seeks to cut costs. Read the email it sent to affected employees.

Oracle (ORCL) started laying off employees on Tuesday to drive down costs to support its artificial intelligence infrastructure buildout, according to Business Insider. Shares rose 3% in midday ...

Oracle did not build the data centre in Abilene, Texas. It leased it from Crusoe—a relatively inexperienced operator—on a 15-year contract worth more than a billion dollars a year. This is not an ...