Daily Headlinez Top News Updates
Oracle did not build the data centre in Abilene, Texas. It leased it from Crusoe—a relatively inexperienced operator—on a 15-year contract worth more than a billion dollars a year. This is not an exception to how Oracle operates; it is the whole model. Oracle is a database company that has recast itself as the financial…
Oracle has agreed to buy power from Bloom Energy. This move aims to bolster the burgeoning artificial intelligence (AI) operations of software companies. In a press release, Oracle said it will acquire up to 2.8 gigawatts of power from Bloom for its data centers that handle AI applications. An initial 1.2 gigawatts has already been…
Oracle has started its largest-ever layoffs, impacting thousands globally. Employees must sign termination documents via DocuSign to receive severance, which appears less generous than competitors. These cuts, potentially reaching 30,000, aim to fund a massive AI data center expansion, a move that has placed the company under significant financial strain. Oracle has begun its largest-ever…
Oracle’s Larry Ellison believes the AI race is becoming a commodity due to shared internet data. He argues the future lies in leveraging private enterprise data, a move Oracle is heavily investing in with massive infrastructure plans. While competitors are also building enterprise AI, Oracle’s existing database dominance could be key to its success in…
Databricks CEO Ali Ghodsi warns of an AI bubble, highlighting companies with billions in valuation but no revenue. He criticizes circular financing deals inflating valuations and predicts worsening market conditions. Ghodsi remains optimistic about AI agents, noting their significant use in database creation on Databricks, but sees revenue potential in applications, not commoditized foundation models….
The ex-wife of Google founder Sergey Brin, Nicole Shanahan, gave an inside look into the “tech wife mafia.” Appearing on a podcast recently, she exposed a world where progressive billionaire spouses are motivated by ego and prestige. In her podcast with Allie Beth Stuckey, Shanahan recounted that extremely well-educated women find their self-worth through philanthropic…
Microsoft’s AI chief Mustafa Suleyman is essentially drawing a line against AI-generated erotica, which the company’s longtime partner OpenAI recently offered in ChatGPT, calling the service ‘dangerous’. The CEO of Microsoft AI said that the tech giant will not build AI services offering “simulated erotica,” explicitly distancing Microsoft from OpenAI’s recent announcement that it would…
Tesla CEO Elon Musk has become the first person to reach a net worth of $500 billion. According to Forbes’s billionaires index, the tech CEO’s net wealth stood at $500.1 billion as of 4:15 p.m. ET on October 1. The jump was helped by a rebound in Tesla shares and rising valuations of his other…
US President Donald Trump is set to sign the TikTok deal on Thursday, a White House source confirmed, as reported by Reuters.Last week, the US president held a lengthy phone call with his Chinese counterpart, Xi Jinping, during which they discussed TikTok, among other things, that he described as “productive.”“I just completed a very productive…
Oracle’s stock rally mints new millionaires Oracle’s stock market rally has not only reshaped billionaire rankings but also transformed the fortunes of its workforce. On 10 September, shares in the enterprise software major surged 36%, the biggest one-day jump since 1992, after it unveiled multi-billion-dollar AI cloud deals. The rally lifted Oracle’s market cap to…
