The Zhitong Finance App learned that while Oracle (ORCL.US) is investing billions of dollars to seize the opportunities brought by the surge in demand for artificial intelligence (AI), the cloud computing giant is also seeking to control costs. The company said in a regulatory filing submitted on Friday that its costs would increase by about $700 million as part of a restructuring plan that includes layoffs.

The Zhitong Finance App learned that while Oracle (ORCL.US) is investing billions of dollars to seize the opportunities brought by the surge in demand for artificial intelligence (AI), the cloud computing giant is also seeking to control costs. The company said in a regulatory filing submitted on Friday that its costs would increase by about $700 million as part of a restructuring plan that includes layoffs.