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Oracle's revenue narrowly beats amid worries over debt-fueled AI buildout
Oracle's revenue narrowly beats amid worries over debt-fueled AI buildout June 10 : Oracle reported fourth-quarter revenue that narrowly beat Wall Street expectations on Wednesday, amid growing concerns about its spending and AI-driven disruption to traditional software demand. The cloud computing company's shares fell 5 per cent in extended trading, after it said it expects to raise nearly $40 billion through a combination of debt and equity financing in fiscal 2027.
Google's parent company is raising $80 billion to fuel its AI ambitions
Google's parent company is raising $80 billion to fuel its AI ambitions Not even Alphabet has enough cash to meet its AI goals. One of the biggest factors in the arms race for AI dominance is just how much capital companies are spending on the likes of data centers and compute power. Anthropic, which just filed to go public, last week said it had raised $65 billion in its latest funding round.
Will the AI race fuel another boom or another bubble?
The AI industry is experiencing a surge in valuations, with giants like OpenAI and Anthropic racing towards public listings. This trend is reminiscent of the dot-com bubble, raising concerns about a potential bubble in the AI market. However, the industry's growth and innovation potential also suggest a possible boom.
Broadcom Outlook Disappoints Investors Seeking AI-Fueled Blowout
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‘Dinosaur’ Tech Stocks Reborn as AI Fuels $1.7 Trillion Rally
An attendee photographs the redesigned Nokia Oyj logo on the company's stand on the opening day of the Mobile World Congress at the Fira de Barcelona venue in Barcelona, Spain, on Monday, Feb. 27, 2023. The annual flagship mobile industry and technology event runs from Feb. 27 to March 2.
Palo Alto Networks pops 12% on earnings beat as AI fuels cybersecurity urgency
Palo Alto Networks surpassed Wall Street's fiscal third-quarter results as artificial intelligence threats drive demand for sophisticated cybersecurity tools. Here's how the company did versus LSEG estimates: - Earnings per share: 85 cents adjusted vs. 80 cents expected - Revenue: $3.00 billion vs. $2.94 billion expected Revenue grew 31% from a year ago, including $388 million from its recent CyberArk and Chronosphere acquisitions, the cybersecurity company said. The company reported a net...
‘Dinosaur’ Tech Stocks Reborn as AI Fuels $1.7 Trillion Rally
An attendee photographs the redesigned Nokia Oyj logo on the company's stand on the opening day of the Mobile World Congress at the Fira de Barcelona venue in Barcelona, Spain, on Monday, Feb. 27, 2023. The annual flagship mobile industry and technology event runs from Feb. 27 to March 2.