Oracle commenced its AI World conference in Las Vegas on October 14, 2025, unveiling a series of announcements that underscore its strategic focus on artificial intelligence and cloud infrastructure. A key development is the launch of its second Oracle Cloud Infrastructure (OCI) region in Oman, specifically in Ibri City, to offer over 200 OCI AI and cloud services to government entities in line with Oman's Vision 2040. In other company news, it was reported that Oracle's head of communications for Australia and New Zealand has departed amidst global layoffs, a move attributed to the company's increased investment in generative AI and what Bloomberg has described as its "largest-ever restructuring." These corporate shifts come as Oracle is reportedly in discussions with Meta for a potential $20 billion multi-year cloud computing deal and is also said to have secured a significant cloud deal with OpenAI, valued at a potential $300 billion over five years. The market has reacted positively to these developments and the broader tech sector rebound, with Oracle's stock rallying over 5%. The AI World event is expected to provide investors with more clarity on cloud margins, capital expenditures, and the economics of large AI workloads.
Oracle Kicks Off AI World Conference with Cloud Expansion and Reports of Major AI Deals
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