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Bloomberg.com
Oracle Slides by Most Since January on Mounting AI Spending - Bloomberg.com
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CNBC
Sam Altman expects OpenAI to exit 'code red' by January after launch of GPT-5.2 model
The new model will be available starting Thursday within OpenAI's ChatGPT chatbot and its API.
Reuters
Google names Amin Vahdat as new chief of AI infrastructure buildout, Semafor reports
Get a daily digest of breaking business news straight to your inbox with the Reuters Business newsletter. Sign up here. "This change establishes AI...
CNBC
Oracle shares tank 15%, dragging down Nvidia, AMD, CoreWeave
Investors have questioned Oracle's AI infrastructure plans and colossal amount of debt.
NPR
Disney reaches billion-dollar licensing deal with OpenAI
It's a whole new world for Mickey, Simba, Stitch and more as Disney brings hundreds of its characters to Sora, the short-form video platform from OpenAI, as part of a three-year licensing agreement.
CNBC
Esusu, platform for renters to build credit scores, valued at $1.2 billion in new funding round
Esusu raises $50 million at a $1.2 billion valuation as it helps more renters build credit scores and gain access to mortgages and other financial products.
CNBC
Oracle shares plummet 13% in premarket, dragging down AI stocks
Shares in Nvidia, Micron and Microsoft were also lower in premarket trade on Thursday.
CNBC
The Fed's hawkish cut, Oracle earnings, Coca-Cola's next CEO and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
CNBC
Goldman Sachs leads investment in software delivery startup Harness at $5.5 billion valuation
Harness CEO Jyoti Bansal wants to eventually take Harness public after he sold his previous startup, AppDynamics, to Cisco just before a planned IPO.
SCMP
AI race: Meta reported to use Alibaba’s Qwen for ‘Avocado’ model in likely win for China
American tech giant Meta Platforms is reportedly using an open-source artificial intelligence model developed by Alibaba Group Holding to reinvigorate its faltering AI efforts in another likely win for Chinese AI.
According to a Bloomberg report on Wednesday, Facebook owner Meta was using Alibaba’s Qwen model, along with other open-source models from Google and OpenAI, as part of the training process for a new model code-named Avocado, which was expected to be released in the spring.
The report...
CNBC
Nvidia’s new software could help trace where its AI chips end up
Nvidia’s latest opt-in software may reveal where its GPUs are operating, a capability that aligns with Washington’s drive to better track restricted chips.
CNBC
Oracle shares plummet 11% in premarket, dragging down AI stocks
Shares in Nvidia, Micron and Microsoft were also lower in premarket trade on Thursday.
CNBC
Google’s AI unit DeepMind announces its first 'automated research lab' in the UK
The lab will use AI and robotics to run experiments and will open next year, as the U.K. government deepens ties with U.S. tech companies.
CNBC
Oracle plummets 11% on weak revenue, pushing down AI stocks like Nvidia and CoreWeave
Oracle flagged new business from Meta and Nvidia in reporting a 438% increase in remaining performance obligations.
SCMP
Less hype and more hardware: SenseTime banks on multimodal AI to regain its edge
Chinese artificial intelligence pioneer SenseTime is betting that its roots in computer vision will help it lead the next phase of AI, as the industry shifts towards multimodal systems and embodied intelligence in the physical world, according to co-founder and chief scientist Lin Dahua.
In an interview with the Post on Wednesday, Lin said the company’s long-standing expertise in vision-based AI put it in a strong position to become a leader in embodied intelligence, robotics and AI agents...
CNBC
Cisco's stock closes at record for first time since dot-com peak in 2000
Cisco was at the center of the internet boom, but has a much different role in today's artificial intelligence craze.
CNBC
Oracle's stock slides 10% on revenue miss even as AI backlog soars
Oracle flagged new business from Meta and Nvidia in reporting a 438% increase in remaining performance obligations.
Reuters
PREVIEW Oracle's OpenAI reliance faces scrutiny as debt-fueled AI buildout raises worries
Get a daily digest of breaking business news straight to your inbox with the Reuters Business newsletter. Sign up here. It is vying with industry...
TechCrunch
Google is testing AI-powered article overviews on select publications' Google News pages
As part of the new AI pilot program, the company will work with publishers to experiment with new features in Google News. By adding AI-powered...
Bloomberg
Apple’s Cook Presses Congress Over Child Online Safety Bill
Apple Inc. Chief Executive Officer Tim Cook met with US lawmakers on Wednesday to lobby against pending children’s online safety legislation that would require app store operators to authenticate users’ ages, pressing instead for an alternate version that puts the burden of protecting kids on parents.
CNBC
Oracle set to report quarterly results after the bell
Oracle's hefty infrastructure costs and rising debt load have weighed on the stock in the past few months.
Bloomberg
Vista-Backed Finastra Taps PJT to Sell US Banking Software Unit
Finastra Group Holdings Ltd. has hired PJT Partners Inc. to help with plans to sell its unit that caters to mid-sized US banks, according to people familiar with the matter.
CNBC
Former GitLab CEO raises money for Kilo to compete in crowded AI coding market
Kilo Code, which makes a vibe coding extension, was founded by former GitLab CEO Sid Sijbrandij.
Bloomberg
OpenAI’s ChatGPT Now Lets Users Edit Images With Adobe Photoshop
ChatGPT users can now access Photoshop and other creativity software from Adobe Inc. directly within the chatbot, as OpenAI works to bring more third-party apps into its flagship product.
Bloomberg
Banks Mine Decades of Deal History to Feed AI Banking Tools
Investment banks are pulling together data from years of deals they’ve arranged in order to get an edge on competitors in an sector increasingly dependent on artificial intelligence.
SCMP
Alibaba names AI-lab leader Zhou Jingren as new group partner
Alibaba Group Holding named its cloud unit’s technology officer Zhou Jingren, who also leads its artificial intelligence lab Tongyi and the development of its Qwen AI models, as a new member of the group in charge of steering the business empire, according to people briefed about the decision.
Alibaba has not updated the information on its official website. The Alibaba Partnership had 17 members before the addition, including co-founders Jack Ma and Joe Tsai as permanent ones.
Alibaba did not...
Bloomberg
Blackstone-Backed Mollie Nears Takeover of UK Fintech GoCardless
Dutch payments firm Mollie is expected to announce it has completed its acquisition of British fintech unicorn GoCardless as early as this week, boosting its capabilities in payment processing, according to people familiar with the matter.
CNBC
Amazon pledges massive $35 billion worth of investments in India with focus on AI
Amazon has committed to investing $$35 billion in India’s cloud and AI space by 2030, as hyperscalers race to get a foothold in the market.
CNBC
Amazon pledges a massive $35 billion worth of investments in India’s AI space through 2030
Amazon has committed to investing $$35 billion in India’s cloud and AI space by 2030, as hyperscalers race to get a foothold in the market.
SCMP
Microsoft makes US$17.5 billion pledge for AI cloud in India
Microsoft pledged to invest US$17.5 billion on artificial intelligence and cloud computing in India over four years, targeting the world’s most populous nation to help fuel its growth.
Chief Executive Officer Satya Nadella made the announcement Tuesday after meeting with Prime Minister Narendra Modi in New Delhi, ahead of a tour through the country. Microsoft said the investment will focus on three pillars – scale, skills and sovereignty – which align with Modi’s goal of building a broad...