This article will be updated throughout the day, so check back often for more daily updates. Further details are leaking out regarding the weekend negotiations between U.S. and Chinese trade representatives, especially as regards the future (or lack thereof) of TikTok in America. According to one report, Oracle ( NYSE: ORCL) may lead a consortium of U.S. companies that would acquire TikTok's U.S. operations to enable the currently-Chinese-owned video sharing company to continue operating in the U.S.
Around 70 members of the team behind the open source database have been shown the door as part of Oracle's latest round of redundancies, according to one high-level source in the MySQL community. Michael "Monty" Widenius, who co-authored the original MySQL in the 1990s, posted that he was "Heartbroken to hear about the widespread layoffs at MySQL last week, and while I'm not surprised that Oracle is going in this direction with MySQL, it still saddens me that it's come to this."
Oracle's fiscal 2026 first-quarter earnings - released after the market closed yesterday - painted a tale of contrasts . The company reported total revenue of $14.9 billion, up 12% year-over-year but slightly below Wall Street's $15.03 billion consensus. Earnings, however, came in at $1.47 per share on a non-GAAP basis, missing the $1.48 estimate by a hair, pressured by a one-time $958 million tax expense tied to recent U.S. tax law changes.
During its lifetime, JavaScript has had several names: During development, its name was Mocha. In the Netscape Navigator 2.0 betas (September 1995), it was called LiveScript. In Netscape Navigator 2.0 beta 3 (December 1995), it got its most common name, JavaScript. Why that name? JavaScript was going to be a glue language for components written in Java. The first standard for JavaScript was published in 1997, hosted by Ecma International (called ECMA at the time).
Oracle offers a diverse range of IT solutions that span cloud and on-premises environments, making it a vendor worth considering for many potential customers, according to industry leaders.
Today, we announced xAI has selected Oracle to offer xAI's Grok models via OCI Generative AI service for a wide range of use cases and will use OCI's leading AI infrastructure to train and run inferencing for its next-generation Grok models.