… Oracle has increased its borrowing by $50 billion to help build datacenters for OpenAI in a $300 billion cloud deal . How will all this debt and investment be paid back? "A unified AI superapp" is part of the answer. "Users do not want disconnected tools," OpenAI said. …
On-Prem Banker claims Oracle may slash up to 30,000 jobs, sell health unit to pay for AI build-out Cerner, though acquired in 2022, is nothing to multibillion black hole Oracle could cut up to 30,000 jobs and sell health tech unit Cerner to ease its AI datacenter financing challenges, investment ba… …
… Our services remain operational.” Vercel has named the source of the mess: The incident originated with a compromise of Context.ai, a third-party AI tool used by a Vercel employee. …
… Investors are reportedly calling foul on OpenAI's last announced valuation of eight hundred eleventy gazillion dollars, weeks after its most recent fundraising round opened investment to retail traders translation: bag holders through an exchange-traded fund . …
… In January, investment bank TD Cowen said that Oracle could cut up to 30,000 jobs and sell health tech unit Cerner to ease its AI datacenter financing challenges. It said equity and debt investors are increasingly questioning how Oracle will finance its datacenter building program. …
… The Computer & Communications Industry Association CCIA , whose membership comprises giant American tech firms, said: "It is very welcome news that the CMA will avoid overly broad and prescriptive interventions that would have impeded investment and innovation in UK cloud services. …
… In a report published last week, TrendForce predicts TurboQuant will lower the cost of AI infrastructure, and by doing so “spark massive long-sequence application demand, comprehensively driving structural growth and specification upgrades for high-bandwidth, main, and flash memory across cloud and… …
… I don't have much optimism in the so-called replacement of software engineers by AI." Indeed, it appears that the tech industry's under-investment in people – its willingness to discard them – is being made worse by over-investment in AI. …
… While Amazon claims to have met the latter commitment in 2023, the shareholders behind the proposal question whether the company will be able to maintain this in the coming years, given the huge datacenter expansion planned by its Amazon Web Services AWS cloud division. …
… Attackers accessed customers’ names, phone numbers, and email addresses. The retailer said it has informed affected customers. Loblaw did not enumerate how many customers were affected by the attack, nor did it explain which system was breached to access the data. …