By Ece Yildirim
Publication Date: 2026-03-11 00:24:00
In a third-quarter earnings report on Tuesday, tech giant Oracle announced better-than-expected quarterly revenue growth and an increased revenue outlook for the next fiscal year, as well as a downsizing of some of its teams.
The stated reason why, as it turned out, has become somewhat reasonable usual At that time, artificial intelligence existed in Silicon Valley.
“AI models for generating computer code have become so efficient that we have restructured our product development teams into smaller, more agile and productive groups,” the company said in the press release. “This new AI code generation technology allows us to develop more software in less time and with fewer people.”
Oracle’s stock was smashed They recently fell more than 50% from a September peak that occurred after notice of further data center plans with OpenAI under Stargate. Although at the end of the AI industry, Oracle shares once reached such great highs that they briefly peaked Chairman…
