Oracle has begun a new layoff round, including 491 Washington jobs, while keeping a $50 billion capital spending plan tied to cloud and AI infrastructure.
OpenAI reached Pentagon deal to run AI on classified networks as President Trump ordered agencies to stop using Anthropic and begin a governmentwide phase-out.
Oracle plans to raise $45B-$50B in 2026 to expand AI cloud capacity, using equity and bonds. An analyst report cited 20,000-30,000 job cuts in Austin, Texas.
