As is the case with the other hyperscalers, including Alphabet and Meta, Oracle’s capital expenditures are soaring as it races to build more data centers and infrastructure for AI. Last May, Oracle’s free cash flow turned negative by $394 million after the company’s operating cash flow of $20.8 billion was overtaken by its capex of $21.2 billion. From fiscal 2024 to fiscal 2025, Oracle’s capex jumped from $6.9 billion to $21.2 billion and last quarter Oracle guided its capex would be $50 billion this fiscal year. Meanwhile, its operating cash flow grew from $18.7 billion in fiscal 2024 to $20.8 billion in fiscal 2025 and analysts estimate it’s on track to reach $22.3 billion this year. The company has said it expects the negative free cash flow trend to continue as it pursues its AI ambitions.
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On Tuesday, Chinese foreign ministry spokesperson Guo Jiakun said that maintaining regular passenger train services between the two countries "is of great significance" for facilitating exchanges between people.