Oracle
Reporting and context on Oracle, with a closer look at the decisions and developments that matter.
Get AI Secret’s free daily briefing, including Oracle and the wider AI industry.
At a glance
Oracle provides database, cloud infrastructure and enterprise software. Coverage follows OCI, data-center expansion and AI-related database products.
- Focus
- OCI; databases; enterprise infrastructure
- Reference
- Oracle
Reviewed 19 October 2026. Dates retain the precision of the source; retrospective disclosures are identified in the event. RPO is a future contracted-obligation measure. It is not interchangeable with cloud revenue or ARR.
Company milestones
Revenue, funding, product launches and major company events, newest first. Expand the earlier milestones for more history.
Q1 FY2027 cloud revenue reaches $11.6B
Total cloud sales rise 62%; infrastructure contributes $7.4B, up 121%, while cloud applications contribute $4.2B.
Source: OracleRPO reaches $664B
Remaining performance obligations rise $209B year over year. Contracted future obligations are not current-period revenue or ARR.
Source: Oracle
Show earlier milestonesHide earlier milestones2025–1977 · 8 milestones
Earlier revenue, financing and company milestones.
Q1 FY2026 cloud sales reach $7.2B
Cloud infrastructure and applications together grow 28%, providing a comparison point before the following year’s expansion.
Source: OracleExpands Stargate with a 4.5GW plan
Oracle and OpenAI announce additional data-center capacity under development. Planned gigawatts are not counted as delivered capacity or recognized sales.
Source: OpenAI / OracleLaunches autonomous transaction processing
Oracle extends its autonomous-database offering into transaction workloads, combining cloud infrastructure with automated operations.
Source: OracleCompletes the acquisition of NetSuite
The transaction expands Oracle’s cloud ERP portfolio for smaller and midsize companies.
Source: OracleAnnounces completion of the Sun acquisition
The combination brings server hardware, Java and related technologies into Oracle’s enterprise platform.
Source: Oracle / SECBecomes a public company
Oracle’s corporate history records its IPO as a milestone between its early database business and later enterprise expansion.
Source: OracleReleases Oracle Version 2
The commercial relational database becomes a foundation for the company’s later enterprise and cloud software businesses.
Source: OracleOracle’s founders establish the business
Larry Ellison, Bob Miner and Ed Oates start Software Development Laboratories, preceding the Oracle database and company name.
Source: Oracle
The latest on Oracle
Newest firstRelated reporting
Briefs, articles and relevant sections, newest first. Explore older coverage below.
More coverage
In the ever-entertaining world of tech billionaires and political drama, Elon Musk has once again taken center stage, this time to criticize President Donald Trump’s ambitious $500 billion Stargate AI project. Musk, known for his candid (and often eyebrow-raising) remarks, has cast doubt on the financial feasibility of the initiative, claiming that the backers of the project simply “don’t have the money.” Let’s dive into the details of this cosmic clash and explore why Musk is throwing shade at the Stargate project.
Elon Musk vs. Trump’s $500 Billion Stargate AI Project: A Galactic Clash of Titans
Musk, known for his candid (and often eyebrow-raising) remarks, has cast doubt on the financial feasibility of the initiative, claiming that the backers of the project simply “don’t have the money.” Let’s dive into the details of this cosmic clash and explore why Musk is throwing shade at the Stargate project.
What is the Stargate AI Project?
The Stargate AI project, announced by President Donald Trump on January 21, 2025, is a private-sector initiative aimed at bolstering the United States’ artificial intelligence (AI) infrastructure. The project is a joint venture involving tech heavyweights like OpenAI, Oracle, and SoftBank, with a promise to invest up to $500 billion over the next four years. The goal? To build state-of-the-art data centers, enhance computing capacity, and ensure the U.S. remains a global leader in AI development.
Trump, ever the showman, described Stargate as “the largest AI infrastructure project in history” and claimed it would create over 100,000 American jobs. He even encouraged people to “put that name down in your books” because it would be a game-changer.
Elon Musk’s Criticism: A Galactic Roast
They don’t actually have the money
— Elon Musk (@elonmusk) January 22, 2025
Elon Musk, the CEO of Tesla, SpaceX, and the AI startup xAI, wasted no time in raining on Trump’s parade. Musk, who has a history of skepticism toward large, centralized AI projects, took to his social media platform, X (formerly Twitter), to express his doubts. According to Musk, the companies involved in Stargate, particularly SoftBank, lack the financial resources to back such a colossal investment. He claimed that SoftBank had “well under $10 billion secured,” far from the $500 billion target.
Musk’s skepticism didn’t stop there. He also questioned the involvement of OpenAI, a company he co-founded but later distanced himself from due to disagreements over its direction. Musk has been openly critical of OpenAI CEO Sam Altman, with whom he has a long-standing feud. In fact, Musk’s criticism of Stargate may be as much about his personal animosity toward Altman as it is about the project’s financial viability.
Elon Musk’s Criticism: A Galactic Roast
Elon Musk, the CEO of Tesla, SpaceX, and the AI startup xAI, wasted no time in raining on Trump’s parade. Musk, who has a history of skepticism toward large, centralized AI projects, took to his social media platform, X (formerly Twitter), to express his doubts.
Trump’s Response: Unbothered and Unapologetic
In true Trump fashion, the president brushed off Musk’s criticism during a press conference on January 23, 2025. When asked about Musk’s comments, Trump replied, “No, it doesn’t [bother me]. He hates one of the people in the deal,” presumably referring to Sam Altman. Trump also revealed that he had spoken with Musk about the project and seemed confident that the criticism wouldn’t derail Stargate.
Trump’s ability to remain unfazed by Musk’s remarks is impressive, considering that Musk is one of his key advisors and a significant donor to his campaign. Musk reportedly spent $270 million supporting Trump’s election, making his public disagreement with the Stargate project all the more surprising.
Elon Musk: Trump’s Response: Unbothered and Unapologetic
When asked about Musk’s comments, Trump replied, “No, it doesn’t [bother me]. He hates one of the people in the deal,” presumably referring to Sam Altman. Trump also revealed that he had spoken with Musk about the project and seemed confident that the criticism wouldn’t derail Stargate.
The Financial Reality: Does Stargate Have the Money?
Musk’s doubts about Stargate’s funding are not entirely unfounded. The project’s initial investment is expected to be $100 billion, with the remaining $400 billion to be raised over the next four years. While this sounds impressive on paper, the actual financial commitments from the involved companies remain unclear. SoftBank, Oracle, and OpenAI have yet to provide detailed breakdowns of their contributions, leading to skepticism about whether the $500 billion goal is realistic.
Adding to the uncertainty is the fact that Musk himself has a history of overpromising and underdelivering on ambitious projects. Critics have pointed out the irony of Musk questioning Stargate’s funding when some of his own ventures, like the Hyperloop and Neuralink, have faced similar scrutiny.
Elon Musk: The Financial Reality: Does Stargate Have the Money?
Adding to the uncertainty is the fact that Musk himself has a history of overpromising and underdelivering on ambitious projects. Critics have pointed out the irony of Musk questioning Stargate’s funding when some of his own ventures, like the Hyperloop and Neuralink, have faced similar scrutiny.
OpenAI: The Financial Reality: Does Stargate Have the Money?
While this sounds impressive on paper, the actual financial commitments from the involved companies remain unclear. SoftBank, Oracle, and OpenAI have yet to provide detailed breakdowns of their contributions, leading to skepticism about whether the $500 billion goal is realistic.
The Musk-Altman Feud: A Subplot Worth Watching
While the financial concerns are valid, it’s impossible to ignore the personal drama between Musk and Altman. The two tech moguls have been at odds ever since Musk left OpenAI’s board in 2018, citing disagreements over the company’s direction. Musk has accused OpenAI of straying from its original mission of creating safe and transparent AI, while Altman has defended the company’s decisions and its partnership with Microsoft.
The Stargate project has only intensified their rivalry. Altman, who joined Trump on stage to announce the initiative, has been vocal in defending the project’s financial backing. In response to Musk’s criticism, Altman posted a cryptic tweet: “Just one more mean tweet and then maybe you’ll love yourself.”
The Musk-Altman Feud: A Subplot Worth Watching
The two tech moguls have been at odds ever since Musk left OpenAI’s board in 2018, citing disagreements over the company’s direction. Musk has accused OpenAI of straying from its original mission of creating safe and transparent AI, while Altman has defended the company’s decisions and its partnership with Microsoft.
The Musk-Altman Feud: A Subplot Worth Watching
Altman, who joined Trump on stage to announce the initiative, has been vocal in defending the project’s financial backing. In response to Musk’s criticism, Altman posted a cryptic tweet: “Just one more mean tweet and then maybe you’ll love yourself.”
OpenAI: The Musk-Altman Feud: A Subplot Worth Watching
The two tech moguls have been at odds ever since Musk left OpenAI’s board in 2018, citing disagreements over the company’s direction. Musk has accused OpenAI of straying from its original mission of creating safe and transparent AI, while Altman has defended the company’s decisions and its partnership with Microsoft.
What’s at Stake?
The Stargate project is more than just a flashy announcement; it’s a strategic move to maintain U.S. dominance in AI technology amid growing competition from China. With geopolitical stakes this high, the project’s success or failure could have far-reaching implications for the global tech landscape.
However, the infighting among key players like Musk and Altman raises questions about whether the project can achieve its lofty goals. If the backers can’t present a united front, the Stargate initiative risks becoming another overhyped tech venture that fails to deliver on its promises.
A Galactic Soap Opera
The Stargate AI project has all the makings of a Hollywood blockbuster: a $500 billion budget, a star-studded cast of tech giants, and enough drama to keep us entertained for years. Whether the project will succeed or implode under the weight of its own ambition remains to be seen. One thing is certain: Elon Musk’s criticism has added a new layer of intrigue to an already fascinating story.
As we watch this saga unfold, let’s hope that the Stargate project doesn’t turn into a black hole for taxpayer dollars—or a battleground for billionaire egos. After all, the future of AI deserves better than a galactic soap opera.
Wall Street Catches the OpenAI Fever: Trading the Name, Not the Numbers
On Wall Street, an algorithm once referred to lines of code, quiet formulas buried inside servers that calculated risk and return. Today, it has a new
From Databases to the Top of the Rich List: How Oracle’s AI Bet Crowned Ellison
For a brief, surreal moment this September, Larry Ellison stood at the summit of global wealth. Oracle’s co-founder — long caricatured as a swashbuckling yachtsman billionaire
When AI Meets Immunity: Ellison’s Oxford Experiment
By 2050, antimicrobial resistance (AMR) is projected to kill staggering numbers of people. The antibiotics that transformed modern medicine into something survivable are steadily losing their
The New Law of AI Gravity—Never Orbit Just One Sun
In the galaxy of artificial intelligence, gravity is a tricky thing. The more powerful a platform becomes, the more it pulls others into its orbit. Yet,
Scale Got Scaled
Label War, Google Billed Again, $30B Burn
The Great Gulf AI Race: Saudi Arabia vs. UAE – Who Will Rule the Silicon Desert?
If you thought the only thing hotter than the Arabian Peninsula was the summer sun, think again. There’s a new kind of heatwave sweeping the
Perplexity Proposes Open-Source Version of TikTok Algorithm
In a bold and unprecedented move, Perplexity AI, a San Francisco-based artificial intelligence (AI) startup, has proposed acquiring TikTok and making its algorithm open-source. The proposal
Elon Musk vs. Trump’s $500 Billion Stargate AI Project: A Galactic Clash of Titans
In the ever-entertaining world of tech billionaires and political drama, Elon Musk has once again taken center stage, this time to criticize President Donald Trump’s
The Stargate Project: A $500 Billion AI Odyssey
In a move that feels like it was ripped straight from a sci-fi blockbuster, OpenAI, SoftBank, Oracle, and other tech titans have joined forces to launch
