Oracle could be a “disproportionate” winner in AI and its growth is picking up, according to a Mizuho analyst.

Oracle Corp. is cutting jobs in its closely watched cloud unit, the latest company taking steps to control costs amid heavy spending on AI infrastructure.

Oracle America has decided to slash more than 188 jobs in the Bay Area, affecting workers in the Peninsula and East Bay, according to the state Employment Development Department. Described as permanent, the reductions will affect 143 workers in Redwood City and another 45 in Pleasanton, according to the EDD. The cuts are scheduled for Oct. 13.

Oracle trims jobs in its cloud division while unveiling an AI-first EHR on Oracle Cloud Infrastructure, aiming to transform healthcare workflows and expand AI capabilities.

Oracle is laying off 188 Bay Area workers in the latest round of ongoing tech layoffs. State filings indicate that the tech giant will cut 45 jobs at its Pleasanton office and 143

Tech giants have long been a favorite hunting ground for billionaire hedge fund managers seeking stable growth and exposure to transformative trends. From cloud computing to artificial intelligence (AI),

Oracle ( NYSE: ORCL) is cutting jobs at its cloud unit, Bloomberg News reported, citing people with knowledge of the matter. This week, the impacted people were told that their roles had been eliminated. Some of the job cuts were related to performance issues, and the unit continues to hire, the report added.

The reimagined ambulatory electronic health record system is designed to offer artificial intelligence capabilities that help with data-driven clinical decision support and reduce burdensome documentation,

The launch of Oracle Health EHR brings to fruition the multinational’s $28.3bn acquisition of EHR provider Cerner in 2021.