Oracle has moved to Nashville, Tennessee, to offer its employees a better lifestyle. Nashville pledged $175 million in incentives and the state of Tennessee $65 million to help build the Oracle campus in 2021. There were no additional incentives from the city ahead of Oracle's headquarters announcement. Oracle plans to get closer to the healthcare industry - the Nashville area's healthcare industry employs more than 300,000 people and adds $68 billion to the Nashville region's economy.
Friday, April 26, 2024Elon Musk's AI startup xAI is negotiating a potential $10 billion deal to rent cloud servers from Oracle, aiming to become one of Oracle's largest customers and rival AI offerings from OpenAI and Google.
Oracle has dispatched Java audit letters to Fortune 200 companies for the first time. The company announced a new licensing regime in January 2023 that was two to five times more expensive for businesses with limited Java use. Companies should be wary, evaluate their positions, and only pay for Java where necessary. Signing up for a long-term agreement may hold customers hostage to fortune when it comes to renewal.
Oracle is shutting down its advertising division due to strategic misalignment and declining revenue. Once a powerhouse in advertising data with assets like Datalogix and Moat, Oracle faced challenges post-Cambridge Analytica scandal and GDPR enforcement, leading to significant business setbacks. Despite a recent push to offload key assets, no buyers emerged, leaving Oracle Advertising to fade away quietly.
Oracle is designing a data center that will require more than a gigawatt of power. It will be powered by three small modular nuclear reactors. Oracle has already received building permits for the reactors but hasn't publicly disclosed the location of the data center or future reactors. There are currently three operational small modular reactors in the world, with experts in the industry generally agreeing that the technology won't be commercialized in the US until the 2030s.
The shift away from permissive open source licensing has motivated the majority of Redis users to consider alternatives. Many are considering or testing Valkey, a fork of Redis managed by the Linux Foundation and backed by AWS, Google, Oracle, and others that was prompted by the decision to switch licenses. Redis claims the decision to change licenses was made to prevent AWS and Google from charging for Redis in their database services without paying for it. It anticipated the fork, as it was exactly what Amazon did with Elasticsearch, but the company believes it is better for them to be able to innovate freely without the fear of its code being taken by cloud service providers and resold.