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fromTheregister
2 days ago

Oracle raises AI spending estimate, spooks investors

Oracle expects its FY 2026 capital expenditures will be $15 billion higher that previously predicted, as the cloudy database biz invests to accommodate AI workloads. Big Red's reason for the extra spending is growth in its Remaining Performance Obligations (RPO), services its clients have contracted to consume but haven't yet paid for. During the company's fiscal Q2 2026 earnings call, Doug Kehring, Oracle Principal Financial Officer, said, "Given the added RPO this quarter that can be monetized quickly starting next year, we now expect fiscal 2026 capex will be about fifteen billion higher than we forecasted after Q1."
Business
Artificial intelligence
fromIT Pro
1 month ago

OpenAI just signed a bumper $38bn cloud contract with AWS - is it finally preparing to cast aside Microsoft?

OpenAI signed a $38 billion multi-year deal with AWS to access hundreds of thousands of Nvidia GPUs and scale compute for inference and training.
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