Oracle yesterday (June 11) announced a pair of cloud deals with Google (GOOGL) and Microsoft (MSFT)-backed OpenAI to broaden the availability of Oracle’s database software, sending the software giant‘s stock to jump more than 12 percent today (June 12). Oracle also reported its fiscal fourth-quarter financial results yesterday. Co-founder and Chairman Larry Ellison said on the earnings call that the company is building some of the world’s largest data centers, some of which are large enough to power an entire city.
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