Oracle Raises Restructuring Estimate to About $2.8 Billion
Oracle added about $700 million to its estimated restructuring plan as AI-cloud demand drove record backlog, heavy capital spending and negative free cash flow.
Cloud Computing
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Oracle’s AI Boom Brings Record Cloud Growth, Heavier Cash Burden
Oracle’s cloud growth and $664 billion backlog surged, but $28.5 billion in capital spending drove negative free cash flow and a $20 billion stock sale.
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GAO Finds Federal Agencies Lack Precise Data on Cloud Contracts
A new Government Accountability Office report says agencies and the Office of Management and Budget used imprecise cloud-procurement data, limiting oversight of a major and growing federal purchasing category.
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Santa Fe County adopts 18-month pause on new data-center development
Santa Fe County commissioners unanimously approved an 18-month moratorium on new data-center development while staff work on permanent standards. The ordinance lowers the review threshold to 1 megawatt and adds environmental-justice, cumulative-impact and monitoring provisions.
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GAO finds repeated federal cloud procurement hurdles on cost and guidance
GAO’s June 23, 2026 report says 24 CFO Act agencies still struggle with cloud procurement—cost control, conflicting OMB/NIST guidance, and outdated FAR.
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GAO Says Cloud Buying Still Faces Cost and Data Problems at 24 Agencies
United States Federal Watchdogs and Public Spending – GAO says cloud buying at 24 selected federal agencies is still hampered by weak cost data, outdated rules, and split software guidance. ([files.gao.gov](https://files.gao.gov/reports/GAO-26-107530/index.html))