Oracle under pressure from rising AI investments

Oracle’s share price has dropped sharply follows reports that the company’s spending on data centres has exceeded earlier forecasts, raising concerns among shareholders about the eventual profitability of its AI initiatives, Bloomberg reports. Financial data for the period ending 31 May showed that capital expenditure amounted to $16.5 billion dollars (€14.3 billion), bringing the annual [&hellip The post Oracle under pressure from rising AI investments appeared first on...