Security teams log 54% of successful attacks and alert on just 14%. The rest move through your environment unseen.
The Picus whitepaper shows how breach and attack simulation tests your SIEM and EDR rules so threats stop slipping by detection.
Healthcare device firm Medtronic is notifying affected customers about a data breach that exposed their personal data to an unauthorized third party.
The company previously confirmed that its IT systems were compromised by hackers, and the infamous data extortion group ‘ShinyHunters’ claimed the attack.
The threat actor said that they were holding 9 million Medtronic records with personally identifiable information (PII) and internal corporate data.
“On April 15, 2026, Medtronic became aware of unusual activity on certain corporate IT systems,” reads the company’s notification sample.
“Medtronic launched an investigation with the assistance of leading third-party cybersecurity experts to determine the impact and scope of the incident.”
“The investigation determined that from April 13 to April 19, 2026, an unauthorized actor accessed certain Medtronic corporate IT systems.” The exposed data may include the following:
ShinyHunters typically publishes stolen data if ransom negotiations with the victim organization fail to secure payment.
The hackers listed Medtronic on their dark web extortion portal on April 18 and threatened to release the stolen data, allegedly over 9 million records, if a ransom payment wasn’t made by April 21.
However, the Medtronic entry was removed from ShinyHunters’ listing later the same month. In the notification to customers, Medtronic emphasizes that the stolen data was not exposed online.
Medtronic is a medical device company doing business in 150 countries, with an annual revenue of $33.5 billion and 95,000 employees.
Although the company suffered a data breach that exposed sensitive customer information, the firm has once again assured that all its devices remain safe to use and are not affected by this cybersecurity incident.
Recipients of the notifications are advised to enroll in the offered 24-month credit monitoring and identity theft protection services to mitigate the risk of data exposure.
It is also advisable to remain vigilant for suspicious communications that leverage the exposed data to carry out scams, social engineering, and phishing attempts, and to monitor account activity closely.
Security teams log 54% of successful attacks and alert on just 14%. The rest move through your environment unseen.
The Picus whitepaper shows how breach and attack simulation tests your SIEM and EDR rules so threats stop slipping by detection.
As I expand my writing career, it’s becoming increasingly apparent that I need to make a business website to showcase my talent and present my past projects. The problem is, although I love testing gadgets for WIRED, I’m definitely not a coder. Figuring out where to begin when building a website is daunting. How do I know the host is legit? How can I ensure my site is user-friendly? How much are annual costs, really? All of these questions and more have stopped me from taking the plunge and building my own website. That’s where Hostinger steps in to help.
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Amazon Prime Day starts in Australia on July 7, 2026, and runs to July 13. But just like last year, there are already early Apple deals available.
So we’re already checking prices every day across AirPods, iPad, Apple Watch, iPhone, Apple accessories and MacBook, and we’ll keep updating this page as new deals appear or prices drop.
Of course, not every Apple discount is worth buying, especially if a deal only applies to one colour, one size or a product that has been cheaper before. So we’re focusing on the Apple deals that are genuinely good after comparing to Apple’s official pricing and what else is available at Amazon or elsewhere.
Want discounts on more than just Apple? Check out our full Prime Day deals page for the latest discounts across all brands.
These direct links are the fastest way to check the main Apple categories on Amazon before =delving into the individual deals below.
These are our favourite early Amazon Prime Day Apple deals. We’ve split them by product type so you can easily compare deals on AirPods, iPad, Apple Watch, iPhone, accessories and MacBooks.
If you don’t see any products in a particular category, check back later as we’ll be working hard every day to find more deals.
AirPods are usually one of the easier Apple products to find discounted at Amazon. The cheapest option here is the open-fit AirPods 4, while AirPods Pro are the better choice if you want noise cancelling, while AirPods Max are great for anyone who wants over-ear headphones.
iPad deals can be tricky because Amazon often only discounts specific storage sizes or colours, and the deals tend to change rapidly. Sadly iPads also just got hit by Apple’s price rises, so the base cost has gone up.
We think the standard iPad is the best fit for casual use, though the iPad Air is worth the extra cost, whereas the iPad Pro is aimed at those who really need the better screen and higher performance.
If you don’t see any iPad deals below, don’t worry, we’ll add more as soon as we can. In the meantime, there are some discounted iPad accessories worth checking out.
Apple Watch deals are worth watching if you use an iPhone and want fitness tracking, notifications and health features without paying Apple’s normal price.
Case size, colour and band choice can change the price, so if comparing options under the one listing, double check the exact model selected before hitting buy.
iPhone deals are often harder to judge than AirPods or iPad deals because Amazon discounts often apply to one colour or storage size.
If you don’t see any iPhone deals below, check back soon, as they can change day to day.
Apple accessories usually aren’t the deals people are most excited about, but they are useful add-ons if the price is right. AirTags, chargers, cables and Mac desk gear are also the kinds of Apple products Amazon tends to discount more often than iPhones or MacBooks.
MacBook deals are hard to find at Amazon right now. We’re still doing our best to rustle up any discounts because MacBooks are one of the Apple products we are all excited about during Prime Day. Especially after the recent Apple price hikes that bumped up the base cost by as much as 17%.
There’s not much worth recommending yet but check back as we’ll be adding more deals as soon as the prices drop.
Amazon Prime Day in Australia starts at 12am AEST on Tuesday July 7 and ends at 11:59pm AEST on Monday July 13. Early deals can appear before the sale starts, especially on Amazon devices and selected tech, so we are checking Apple prices before the event as well as during it.
Yes, but not every Apple category gets the same treatment. AirPods, Apple Watch, iPad and Apple accessories are usually easier to find on sale at Amazon. iPhone deals can happen too, though the lower price often applies to one colour or storage size. MacBook deals are more hit and miss, but we are always looking for more discounts.
A lot of Prime Day deals are Prime-exclusive, so you will usually need an active Amazon Prime membership to get the lowest prices. There may also be public deals anyone can buy, but if a price is marked as a Prime Day deal, check the Prime requirement before you plan around it.
Sometimes. If an early price matches or beats what we have seen before, it can be worth buying before the main sale starts. If the discount is small, or if you do not need the product right away, it may be better to check back once Prime Day begins on July 7.
Possibly, but MacBook deals are hard to find on Amazon right now. We are still watching for Prime Day price drops and restocks, because MacBooks are one of the Apple categories people look for during big sales. For now, check Apple’s official price first and compare any Amazon offer carefully, especially after Apple’s recent Australian price rises.
Black Friday usually has more retailers competing at the same time, so it can be better for broader Apple price matching. Prime Day is more Amazon-focused, but it can still be a good time to buy AirPods, Apple Watch, iPad, accessories and the occasional iPhone. If a Prime Day price is only a small discount and you are not in a hurry, Black Friday is often the best time to buy.
We look at the current Amazon price, Apple’s official Australian price, previous prices where we can check them, product availability and whether the discount is actually any good. We also use our own reviews and buying guides to help judge deals. A product won’t make it onto our list just because Amazon slaps on a large discount percentage.
Prime Day can be a good time to buy Apple gear, but it’s also often hard to navigate. Amazon can show large percentage discounts from old prices, and Apple products often get small price cuts that only apply to one colour, size or storage option. So we created some steps that can help you work out whether an Apple Prime Day deal is worth buying.
1. Check Apple’s official price first
Start with the current price on the Apple website. That gives you a clean comparison point before you look at Amazon’s claimed discount. It matters more than usual this year because Apple recently raised Australian prices on a number of products, including Macs and iPads.
2. Look at price history, not just the discount badge
It’s easy to get pulled in by a big percentage saving, but the current price is what matters. For Amazon deals, camelcamelcamel.com can show whether today’s price is actually low or just lower than an old list price.
It is also worth searching OzBargain.com.au to see whether the same product has been cheaper before and how other shoppers rated past discounts. If the deal still looks good after those checks, you can buy with confidence.
3. Figure out what features you actually need
A discount on an iPad Pro or MacBook Pro can look tempting, but the best Prime Day deal is not always the product with the largest saving. If you mainly want a tablet for streaming, browsing, note-taking and video calls, a standard iPad or iPad Air may be the better-value buy.
The same logic applies across Apple’s range. If you’re buying a laptop, think about whether you really need a MacBook Pro or whether a MacBook Air is the better choice. If you’re buying a phone, decide whether camera quality, storage, battery life or price matters most before jumping on a deal just because it has a big discount.
4. Be flexible on colour, storage and case size
Apple deals at Amazon often apply to one specific version of a product. That might mean one AirPods model, one iPad storage size, one Apple Watch case size or one iPhone colour. Check the exact model before you buy, and make sure the cheaper version is actually the one you want.
5. Check whether the price needs Prime
Many Prime Day deals need an active Amazon Prime membership. Some early deals are available to everyone, but others only show the lowest price once you’re signed in with Prime. Also check the delivery estimate, especially if the product is coming from overseas or has limited stock.
6. Don’t assume MacBooks will be the best category
AirPods, Apple Watch, iPad and Apple accessories are usually easier to find discounted at Amazon. MacBook deals can happen, but they are hard to find right now, and some listings have long delivery dates or limited stock. If you see a MacBook discount, compare it with Apple’s current price and check whether the saving is enough to justify buying now.
Doing something once is fun, but if you get interesting feedback from viewers on how to make things even more fun, you can only follow all of these instructions and put more random objects on top of an induction cooker, as [Brainiac75] fortunately did.
Much like in the first video, the goal here is to use the Lorentz force that is induced in the object for levitation, ideally without having said object depart for orbit, melt into a puddle of molten metal or be a general hazard to anyone standing in the same room.
Some of the suggestions were rather benign, such as improving the aluminium foil ring by adding four times more layers to create more mass. Unfortunately adding more layers here had the device refuse to turn on due to the absence of a suitable ferromagnetic target. The difference between the working versions with one to three layers was here also not really noticeable. Various aluminium and copper tape configurations were then attempted, but without much success.
Of note is that while levitating, the metal gets pretty hot. At one point a CD even gets melted to aluminium foil. Even the use of water-filled aluminium cans will only give you so much time, and ramping down the power level on the induction cooker only revealed that this particular model operates only at either at full blast or off. Correspondingly a new induction cooker with claimed constant output was obtained for the next experiments at lower levels.
Interestingly, it was this new induction cooker set to a more reasonable output level that showed the first reasonably static levitation results without immediate conflagration or molten metal splatter risk. Whether this is the kind of levitation display that you want to set up in your living room in lieu of a boring magnetic one is still a good question, but at least this demonstration got downgraded to something potentially safe enough to play around with in a physics class.
A vulnerability can reportedly connect real email addresses to anonymous ones.
Hide My Email may not be keeping your personal information fully private. This feature is an option iCloud+ subscribers can use to create an anonymous email address rather than using their own contact info. It’s used as a workaround to avoid spam and data trackers, or simply to keep personal information safe against potential future data breaches. However, according to a report by 404 Media, there is a vulnerability with this feature that allows hackers to connect users’ real email contacts to the ones created by Apple.
We’ve reached out to Apple for comment, and will update this article if we hear back.
The issue was uncovered by the team at EasyOptOuts, and according to CEO Tyler Murphy, the group contacted Apple about the issue and how to replicate it a year ago. He had some conversation with the company via email and Apple reportedly responded at various points that it was looking into the problem or that a solution was either in the works or had been deployed. However, Murphy and 404 reporter Joseph Cox were able to exploit the vulnerability for this article. The exact details of the exploit have not been disclosed due to the potential risk to Apple users.
“We don’t know why it hasn’t been fixed, but we don’t feel comfortable waiting any longer. Hide My Email users deserve to know that it may be possible for attackers to discover their hidden email addresses,” Murphy told 404. He added, “We don’t know the full scope of the issue, but in our limited tests with volunteers, 100 percent of Hide My Email addresses were exploitable.”
Apple reportedly has plans to release several new iPad Pros and a new MacBook Pro in the first half of next year.
The company is currently working on four models of the new tablet with faster chips, Bloomberg reported. It is also developing a new “entry-level” MacBook Pro, which is internally referred to as K104, the outlet writes. The company is also targeting that same period for the release of its first M7 processor.
The last time Apple released an iPad Pro was in October of last year. In March, the company released a new high-end MacBook Pro and the budget laptop MacBook Neo, albeit the Neo uses the A18 chip, originally designed for the iPhone. This anticipated new MacBook is expected to be a full-fledged Pro.
The apparent product plans come amidst whisperings of other upcoming releases (including, perhaps, a foldable phone) as the company preps for its post-Tim Cook-as-CEO era while also battling supply chain issues that Cook says have forced it to raise its prices. Those price hikes have been substantial in some cases. The MacBook Pro with 1 terabyte of storage recently jumped from $1,699 to $1,999, for instance. So if the company is working on more budget-friendly laptops and tablets, this would be a good time to introduce them.
Apple did not immediately respond to our request for more information.
Fans of the Harry Potter series have a new way to tune into the chronicles of the Boy Who Lived. Spotify on Wednesday added the complete Harry Potter audiobook series to its platform, including the narrations by Jim Dale and Stephen Fry.
The audiobooks are available to Premium subscribers in the US, UK, Canada, Ireland, Australia, New Zealand and across Europe. Listeners in North America can tune into Jim Dale’s narration, while subscribers in all markets can access Stephen Fry’s version.
“We are delighted that these books are now available to an even wider audience on Spotify, as we continue to connect readers and fandoms with stories they love, and bring more books to more people,” Duncan Bruce, Spotify’s director of partnerships and licensing, said in a statement.
It’s not just the core Harry Potter books that are making their way to Spotify. Companion titles including The Tales of Beedle the Bard, Fantastic Beasts and Where to Find Them and Quidditch Through the Ages are also available in select markets. Listeners can also access these Harry Potter titles on Audible, which last year launched a new, full-cast audio edition of the series.
Spotify added audiobooks for purchase in 2022. It now includes up to 15 hours of audiobook listening with a Premium subscription, which costs $13 a month. A separate Audiobooks Access subscription tier also lets subscribers listen to 15 hours of audiobooks for $10 a month, but it doesn’t include ad-free music.

Early in 2013 a small Utah company walked into CES with something that looked more like abstract art than a gaming machine. The Xi3 Piston sat there as a compact metal cube, roughly four inches on each side, with indented sides and a front grille that gave it a distinctive industrial look. Valve had invested in the company and even displayed the device in its own booth. For a brief moment it seemed like this odd little box might become the foundation for a new kind of living-room gaming experience built around Steam.
Xi3 had been manufacturing modular computers for years and shipping them to corporations and industrial clients. The Piston was their first foray into the consumer market, primarily those who wanted to play PC games on a huge screen but couldn’t (or wouldn’t) tolerate a desktop tower taking up half the space. So they took the same modular strategy and attempted to reimagine it for a living room-centric PC. Here’s the basic idea: instead of a single, large motherboard, three individual circuit boards are stacked inside the aluminum shell. One handles the processor and cooling, another handles the majority of the input and output connections, as well as a mSATA slot, while the third offers a few additional ports and some capacity for expansion. You can simply slide the panels off and remove the boards for maintenance or, in theory, upgrades later. There is even an optional external drive module that attaches to the bottom via rails.
Sale
An AMD Trinity APU powers it all, notably the R-464L embedded version of the same technology found in the A10-4600M mobile processor. That’s a four-core processor clocked at up to 3.2 GHz with integrated Radeon HD 7660G graphics, which, as you might think, is less powerful than some of the stand-alone graphics cards available. That graphics unit, however, has 384 shaders and is combined with 8 GB of DDR3 RAM, a 128 GB solid-state drive, and space for a second mSATA drive or microSD card. Under average load, the system consumes a relatively low 40 watts, though it can grow warm if you play for an extended period of time.
As we’ve already mentioned, this is a small machine, so you might expect connectivity to be limited, but there are actually quite a number, including 12 USB ports (some 3.0 and 2.0), eSATAp, and likely a few more options. There are also HDMI, DisplayPort, and a mini DisplayPort visual outputs, gigabit Ethernet for wired communications, and audio ports to complete the package. It’s worth noting that wireless networking is not provided. The Piston would occasionally be coupled with a wireless controller that resembled the Xbox 360 controller, allowing gamers to play games from the couch.

Xi3 marketed the Piston as a Steam Box, essentially employing Steam’s Big Picture mode to create an interface that felt like a typical console experience. In some situations, the computer shipped without an operating system, while in others it came with a modified version of Windows. Early demos demonstrated how to browse the interface with a controller and gain access to the whole Steam library. Valve later moved back from that engagement, stating that the Piston was one conceivable approach for a Steam Box, but not the one they had in mind.

By the time Xi3 ultimately released the Piston Console in late November 2013 for $999, it was a standalone product with a price tag that received a lot of criticism. You could create a standard small-form-factor PC with better graphics and still save a few hundred dollars. The modular design was initially appealing, as was the small size, but the performance fell short of the buzz around the initial CES announcement. Production remained modest, and the device gradually disappeared from view as Valve collaborated with a number of other companies on the Steam Machines project, which employed full-size components and the Linux-based SteamOS.
Torque converters serve as the crucial link between traditional automatic transmissions and a car’s engine. If you’re not up to speed on how torque converters work, here are the basics: A torque converter resembles a big metal bagel placed within a transmission’s bellhousing. That bagel is cut in half — the top half is meshed with the transmission, and the bottom with the engine. As the engine spins, it rotates the torque converter’s components, which in turn rotate the transmission fluid inside, like a washing machine. That spinning fluid then spins the parts on the other half, thus spinning the gearbox. In short, a torque converter is a device that uses spinning fluid to transmit power from the engine to the transmission.
But what happens when one fails? There are actually quite a few signs of such a problem, but they all center around odd gearbox behavior. These include gear slippage, loss of throttle response, and inconsistent acceleration, among others. Complete failure will, of course, mean the car has no drive at all, given how the torque converter connects the engine and transmission.
Assuming it is a bad torque converter, expect a pricey repair. Not only are they complex parts that require specialist tools and knowledge to work on, but servicing one requires dropping the transmission — not a quick job. That leaves us with two questions, then: How do torque converters fail in the first place, and what are the warning signs that it’s on its way out?
There are a few common symptoms that can occur before a torque converter fails. These include gear slippage and poor throttle control; poor idle performance; an overheating transmission; and discolored automatic transmission fluid (ATF).
These symptoms occur because of how torque converters work. They rely on fluid to transmit power from Point A to B, so issues such as contaminated fluid or problems with the pump that keeps the whole system pressurized will lead to problems. Remember: one end of the torque converter is splined to the engine’s flex plate and the other to the transmission, so faults in any of the torque converter’s vital components can interfere with the operation of one or both. Meaning, if your fluid is bad, you’ll feel it in the power delivery, engine sounding unhappy at idle, and so on.
There are more specific telltale symptoms associated with torque converter failure as well. One major example is if you find your car revving much higher than usual to maintain the same speed, which makes sense if you think about it. With the fluid operating less efficiently (or there being the wrong amount), the engine has to work harder to spin the transmission as quickly, which means more revs. More revs means more heat, leading to an overheating torque converter and a whole host of additional problems.
It’s a common myth that you shouldn’t change your transmission fluid, but that couldn’t be further from the truth. Automatic transmission fluid has a service life, and not changing it can lead to serious problems. ATF changes are a regular part of vehicle maintenance, albeit at much longer intervals than engine oil changes. It’s about 60,000 miles for normal cars, and half that (or even less) if you’re frequently abusing the transmission with heavy towing or driving hard.
Improper maintenance is one point of failure, as is simply having a higher-mileage vehicle. The fact is, nothing lasts forever; seals will go bad, internal components will wear out or otherwise get damaged, and so on. Contaminated fluid is another given, which is why you should replace it regularly and periodically check the transmission dipstick if your car has one. Then you have electronic failures, such as a solenoid or a fault with the signals being interpreted by your car’s ECU.
All that said, torque converters and automatic transmissions in general are generally robust components. Unlike a manual transmission with a flywheel and clutch, an automatic marries the torque converter to a flex plate, meaning there’s far less mechanical contact between engine and transmission. Typically, these units last well beyond 100,000 miles with good maintenance. That number will drop drastically if you put significant strain on the parts, but as long as you adjust your maintenance intervals accordingly and watch for those symptoms, you should be good to go.
OnePlus has introduced the N6 in India, a new budget-tier handset with a huge 8000mAh battery.
That battery rating puts the N6 in a narrow group of cheap Android phones where endurance rather than processing power is the key selling point. The cell is also double that of the iPhone 17, which sits at 3692mAh.
Charging support runs to 45W via SuperVOOC wired, and the N6 also supports 5W reverse wired charging, a feature that lets the handset function as a power bank for other devices. This remains uncommon across budget Android hardware at this tier.
Beyond standard charging, the N6 incorporates bypass charging, a feature that routes incoming power directly to the processor and display during intensive tasks rather than cycling it through the battery. This reduces heat accumulation during extended gaming sessions and helps preserve long-term cell health.
Power comes from the MediaTek Dimensity 6360 Max, a chipset paired with either 4GB or 6GB of RAM plus 128GB of internal storage and a microSD card slot.
The display stretches to 6.8 inches with an IPS LCD panel running at 120Hz, an HD+ resolution, and a peak local brightness of 1200 nits.


Camera hardware centres on a 50MP rear sensor with an f/1.8 aperture alongside an 8MP front-facing camera, and the N6 ships with OxygenOS 16.0 based on Android 16, backed by a commitment to two major OS updates and three years of security patches.
The N6 launches in India on 4 July through Amazon India and OnePlus India in Fresh Mint and Midnight Green, with the 4GB/128GB configuration priced at INR 22,999 (approximately £215) and the 6GB/128GB variant at INR 24,999 (around £234), while pricing and availability for the UK and other international markets have not been confirmed at this stage.
Oracle is burning hundreds of billions to finance AI datacenters for the likes of OpenAI. Now, the company is admitting they may not pay off.
Amid the usual boilerplate, Big Red cited numerous risk factors related to its AI infrastructure investments in a regulatory filing published late last month.
“To grow our OCI business, which requires increased computing capacity, we must incur significant capital and operating expenditures to increase our existing data center capacity and to establish data centers in new geographic locations,” the filing reads, using the TLA for “Oracle Cloud Infrastructure.”
These investments, the company notes, are tied to long-term commitments for infrastructure and datacenter capacity. Unlike the big three cloud providers, Oracle prefers to lease datacenter capacity from partners like Crusoe, rather than build them itself.
While the filing doesn’t mention OpenAI explicitly, Oracle’s success as an AI infrastructure provider is inextricably tied to the model dev and its cult-of-personality leader, Sam Altman.
In early 2025, Oracle joined OpenAI, SoftBank, and MGX to put its name on the so-called Stargate initiative, an ambitious project to pave the planet with half a trillion dollars worth of bit barns.
As we later learned, Oracle had signed up to provide $300 billion of capacity over five years as part of a long term agreement with OpenAI, which would also see the database provider manage the model dev’s flagship facility in Abilene, Texas. In addition to the OpenAI deal, Oracle claims to still have about $155 billion in remaining performance obligations from other customers.
This puts Oracle in a tough spot. If it underestimates demand, it could lose customers to competing infrastructure providers. On the flip side, Oracle says if it overestimates demand, or any of its key customers can’t make rent, it could end up footing the bill for the datacenter capacity it leased on their behalf.
Oracle’s OpenAI deal will reportedly contribute up to $30 billion in revenues annually, with revenues expected as early as next year. But OpenAI still hasn’t managed to turn a profit, which means its ability to pay its bills depends entirely on its ability to continue raising capital.
“Our business is, and may continue to be, exposed to risks of customer non-payment and non-performance,” the company wrote. Well, yes.
And even if they pay up, there’s no guarantee its customers will renew their leases. “If customers do not renew their contracts, we may be unable to re-lease, repurpose or assign such capacity on acceptable terms, if at all,” the filing reads.
Customers’ ability to pay their bills may not be the only risk factor facing Oracle’s AI gamble. As the company notes, it is already having trouble securing enough power at fair prices to fuel its datacenter buildout.
“We have faced, and may continue to face, challenges with securing reliable and cost-effective power sources for our data center energy demands, which are constrained globally due to the significant increase in demand for and limited availability of energy to power AI compute,” the company wrote. “In addition, power prices can be volatile, including due to extreme weather events and market structure in certain regions, and increases in energy costs can adversely affect our margins, particularly where customer pricing is fixed or committed.”
Oh, and then there’s the fact that building datacenters is not for the faint of heart in the first place. Anything that could go wrong … could go wrong. Let’s go to the tape:
“Our data center expansion depends on access to suitable, permitted build sites; reliable and predictable power sources; networking hardware; and server availability, including graphics processing units, memory devices and other critical components. Data centers in geographies that we rely on may be unavailable on commercially reasonable terms or at all. Government-imposed limits or moratoria on data center construction in a given market could hinder our ability to execute our expansion plans or prevent us from completing planned data center projects. Even where suitable sites and capacity are available, our data center expansion plans are complex and subject to execution risks, including, among others, delays or cost increases related to design, engineering, permitting, construction, utility interconnection, equipment delivery and contractor performance. Our ability to build and operate data centers also may be affected by existing and evolving laws, regulations and policies relating to land use and zoning, environmental permitting, energy usage, grid reliability, greenhouse gas emissions, water usage, building codes, health and safety, tax incentives and data localization.”
Whew.
But Oracle is in too deep to call it quits.
“We have made significant investments in AI initiatives, including investments in infrastructure and headcount, and we expect to continue to invest significant resources to build and support our AI products in support of our growth strategy,” the company warned investors. “If we do not continue to invest significant resources to develop and support our AI products, we may fall behind technological developments and evolving industry standards, which would likewise harm our ability to compete.”
In other words, damned if they do and damned if they don’t, so what’s left to do other than burn, baby, burn?
And that’s exactly what Ellison and crew plan to do. During its Q4 earnings call last month, the company said it planned to spend $70 billion on capital expenditures during the 2027 fiscal year, up from around $55 billion spent during its 2026 fiscal year.
To support this spending spree, Oracle will have to take on additional debt. In 2027, the company hopes to raise around $40 billion in debt and equity. That’s on top of the $18 billion in debt it raised back in September.
Stock market bettors aren’t sure they like these odds. The company’s stock is down more than 40 percent in the last month.®
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