OpenAI's $50B revenue shortfall sinks AI stocks, including Nvidia and Oracle
OpenAI's $50B annualized revenue, lower than expected, drags down AI stocks like Nvidia and Oracle.
Oracle
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Abu Dhabi's AI Everything Expo to draw 400 firms managing $91B
Abu Dhabi hosts AI Everything Expo with 400 firms managing $91B, featuring Mistral AI's Arthur Mensch and Boston Dynamics' Marc Raibert.
Oracle's Fusion Agentic Applications split LLM reasoning from exact computation, cutting costs and risks
Oracle's Fusion Agentic Applications separate LLM reasoning from deterministic enterprise calculations, improving accuracy and cost-efficiency.
Oracle to cut thousands more in September, burning $23.7B on AI
Oracle plans another round of layoffs in September 2026 as it spends $55.7B on AI infrastructure, posting negative $23.7B in free cash flow.
Alphabet's AI Cloud Revenue Surges 82% as Oracle Eyes 31% Growth
Alphabet's Google Cloud revenue jumps 82% YoY, while Oracle targets 31% revenue growth over 5 years.
Oracle's $1T AI bet hinges on OpenAI data center leverage
Oracle's Larry Ellison bets big on AI with $1T data center investments for OpenAI, leveraging debt and equity.
BIS warns AI capex boom outpaces railways, dotcom with $730B in 2026 spending
AI investment is outpacing railways, dotcom, and every prior tech boom, with $730B in 2026 spending by hyperscalers.
OpenAI's $748B obligations to Microsoft, Amazon, Oracle could trigger a Lehman-style market crash, critic warns
Ed Zitron warns OpenAI's collapse could trigger a market crash, citing $748B obligations to Microsoft, Amazon, and Oracle.