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Benzinga

Business

Surbhi Jain

Oracle Turns 50 Soon - And It's Burning Billions To Stay Relevant

Oracle Oracle Corp ORCL Nasdaq

Oracle

For a company nearing its 50th birthday, Oracle Corp (NYSE:ORCL) is acting more like a cash-burning startup than a tech elder statesman. Once the software king of the '80s and '90s, Oracle stumbled through the cloud transition but is now betting big on AI infrastructure.

That bet is proving costly: the company is spending at a rate few peers would dare, torching billions to build a future in which it can stand alongside Amazon.com Inc (NASDAQ:AMZN), Microsoft Corp (NASDAQ:MSFT), and Alphabet Inc‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google in the AI arms race.

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