AI + ML Oracle tops up restructuring fund for FY26 by $500M Pot of money grows to $2.1BN for fiscal '26, as Big Red exec says AI helping smaller engineering teams do more Oracle has increased funding for its restructuring plans for the current financial year by $500 million, with some observers ant… …
… When OpenAI completed its controversial for-profit restructuring in October, it needed Microsoft’s blessing — and in the process of getting that blessing, the two companies struck a new deal. …
Elon Musk officially began his testimony in the trial he has brought against OpenAI CEO Sam Altman and company president Greg Brockman. …
… Musk is calling for a number of remedies, including asking the court to strip both Altman and Brockman of their roles and to unwind OpenAI’s for-profit restructuring.
… If the rumored cuts of 30,000 are correct, it would amount to 18 percent of the company’s workforce. …
… Musk sued over OpenAI's pivot from nonprofit to for-profit via a complicated restructuring scheme that has still technically kept a nonprofit in play , claiming that its leaders committed unjust enrichment by straying from the company's founding mission. …
… It’s worth a read, but it actually undersells the most jaw-dropping part of the story: Intel’s stock has risen a stunning 490% over the past year, a bet by Wall Street that may be running well ahead of the company’s actual turnaround. …
… OpenAI is trying to refocus the company around a few key areas, such as enterprise offerings and coding, as the company faces increasing pressure from rivals like Anthropic and gears up to file for an IPO later this year. …
… Meta CEO Mark Zuckerberg told staff that the company's roughly 8,000 job cuts were a direct consequence of its AI infrastructure spending. …
… The company expects revenue to increase by about 10% in the third quarter, for which it will report results later today. …