Oracle stock rocketed as high as 40% above $335 in Wednesday morning trading, in the wake of the companyâs long-range revenue projections that showed its small cloud business growing rapidly through 2030. That growth is thanks to several cloud deals Oracle has struck with companies like OpenAI. ... Read more âș
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Earlier this summer, chatter in AI communities went into overdrive after OpenAI and Google revealed that their models had achieved gold medal-level performance on the prestigious International Mathematical Olympiad. In the past, this competition had proved difficult for AI models, which struggled to verify whether their generated math proofs were correct without special software.This time around, though, researchers from OpenAI and Google hinted that the techniques they had used to... Read more âș
24
Amazon is developing a pair of augmented-reality glasses for consumers, say two people with knowledge of the plans. In doing so, Amazon is jumping into a still-unproven market in competition with Meta Platforms, which is expected to unveil a new version of its AR glasses at its Connect conference next week, according to people who have worked on that device. Amazonâs glasses, internally codenamed Jayhawk, will include microphones, speakers, a... Read more âș
7
Just two months after Congress passed a cryptocurrency law that gave a big boost to stablecoins, a price war has broken out, potentially wiping away the lucrative profits these tokens could generate. The battle is taking place among users of Hyperliquid, a fast-growing decentralized crypto exchange. They are considering reducing their use of Circleâs USDC, the main stablecoin on Hyperliquid. Competitors are rushing in, offering far better deals to Hyperliquidâs... Read more âș
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Klarnaâs two-decade journey to a public listing means a lucrative return for its biggest backerâSequoia Capital. The Silicon Valley firm stands to make about $2.65 billion on paper from its investment in the buy now, pay later lender, which endured boardroom drama and tumbling valuations on its way to a public listing. Sequoia owns 21% of Klarnaâs voting shares worth $3.15 billion based on Klarnaâs IPO price of $40, which... Read more âș
5
The biggest news today wasnât Appleâs new line of iPhonesâthat was about as much of a secret as the time of tomorrowâs sunrise (for more details of the Apple presentation, see below)âbut Oracleâs blockbuster revenue projections. The software-and-cloud firm is enjoying what you might call its Nvidia moment. It is finally showing the benefits of signing AI firms like OpenAI to use its cloud services. Its new revenue forecasts sent... Read more âș
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Klarna is planning to price its initial public offer above its planned range of $35 to $37, according to a person familiar with the matter. At the top of the range, Klarna would have a market value of $14 billion, not including unvested employee shares. The plans have not been previously ... Read more âș
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Figure Technology, the blockchain-based lender co-founded by former SoFi CEO Mike Cagney, has increased the size of its initial public offering to as much as $693 million, a sign of strong investor demand for the shares. Founded in 2018, Figure makes home loans on its blockchain and runs a ... Read more âș
3
Oracle stock leapt 20% in after-hours trading after the software-and-cloud firm projected that new cloud contracts it signed in the first quarter would lift revenue from that business sharply in the next few years, transforming Oracleâs financial performance. Oracle said revenue from cloud â ... Read more âș
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Apple is slimming down. At the companyâs annual September hardware event, Apple announced its thinnest iPhone ever at 5.6 millimetersâtwo millimeters slimmer than its regular phones. It also introduced three other iPhone models with proportions similar to its existing family of smartphones ... Read more âș
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Microsoft is planning to use models from OpenAIâs chief rival, Anthropic, to power AI features in its Office 365 software, after previously relying on OpenAIâs models for the AI features. The move reflects how Microsoft is partially shifting to other providers for AI features in the software, ... Read more âș
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Last week, I reported on how OpenAI updated its financial forecasts for investors. The company expects to spend nearly $115 billion between 2025 and 2029. Thatâs $80 billion more than it forecast in the first quarter. As the chart shows, the startupârecently valued at $500 billion in a sale of employee sharesâhas been able to handily raise more money as those costs have risen. The tens of billions more needed... Read more âș
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Nvidia on Tuesday unveiled a new graphics processing unit designed to power existing artificial intelligence, known as inference workloads. The move signals that Nvidia believes data centers of the future need a specific chip for running AI-powered applications like ChatGPT rather than its ... Read more âș
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Microsoft is taking its biggest step to lessen reliance on OpenAIâs artificial intelligence by embracing the startupâs bitter rival Anthropic to power its most important software business. Microsoft will pay to use Anthropicâs technology for some AI features in Office 365 apps, according to two people involved in the effort. The move will blend Anthropic and OpenAI technology in the apps, after years in which Microsoft primarily used OpenAI for... Read more âș
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CoreWeave is starting a venture fund to invest in artificial-intelligence startups, including through what it calls compute-for-equity models. The venture fund will invest in startups building AI models and applications, CoreWeave said Tuesday. The company said it could make traditional venture ... Read more âș
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Across American businesses, use of artificial intelligence has fallen in recent months, according to the Census Bureauâs biweekly survey of thousands of companies.The drop is especially pronounced at the largest companies surveyed: AI for âproducing goods and servicesâ peaked in June for those with 250 employees, with roughly 15% of surveyed firms reporting having used the technology at the time. That percentage fell to around 11% by the end of... Read more âș
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Snap CEO Evan Spiegel says Snap is in a âcrucible moment,â squeezed âbetween the tech giants and smaller competitors,â and he vowed to sharpen the companyâs focus. He announced plans to shake up the company by creating a series of âworking groupsâ to deal with key issues, including to improve ... Read more âș
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Iâve written lots over the past few months about how startups and big tech companies alike are trying to tackle the problem of agentic commerceâthe fancy term for âagentâ services that take action on behalf of consumers, in this case, buying stuff. While AI search is a powerful tool to help shoppers hone in on the perfect gift or find a hotel that meets all the requirements for an ideal... Read more âș
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When Andreessen Horowitz raised a record-setting $4.5 billion crypto fund in May 2022, it seemed to have timed the marketâin all the wrong ways. Bitcoin prices had fallen 55% from their peak, while Coinbase shares had dropped about 80%. Both would stay depressed for more than another year. But the Sand Hill Road firmâs crypto bets are starting to pay off, at least on paper. By some measures, they have... Read more âș
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Oracle executives are discussing eliminating cash raises and cash bonuses for employees this year, The Information reported on Monday. The firm might offer employees additional stock grants to make up for the lack of additional cash compensation. The potential change is the latest example of how ... Read more âș
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Most popular sources
Business Insider
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22% 9 |
Financial Times
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20% 20 |
Tom's Hardware
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14% 10 |
MacRumors
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8% 3 |
Android Authority
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5% 1 |
| View sources » | |
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28.10.2025 23:31
Last update: 23:15 EDT.
News rating updated: 05:20.
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