Enterprise
Oracle stock jumps 7% as cloud provider joins investor group to run TikTok’s U.S. business
Oracle‘s stock jumped 7% Friday after the cloud provider joined a group of investors slated to lead TikTok’s U.S. operations. In a memo to employees Thursday, CEO Shou Zi Chew said the social media company’s U.S. division will be run by a joint venture that includes Oracle, Silver Lake, and Abu Dhabi-based MGX. The deal […]
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Palo Alto Networks announces multibillion-dollar deal with Google Cloud
Palo Alto Networks will migrate key internal workloads to Google Cloud as part of a new multibillion-dollar agreement, the companies announced on Friday. The companies said the deal is an expansion of their existing strategic partnership and will deepen their engineering collaboration. Palo Alto Networks is now using Google’s Gemini artificial intelligence models to power […]
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Micron stock pops 13% as AI memory demand soars: ‘We are more than sold out’
The Micron logo is seen displayed at the 8th China International Import Expo. Sheldon Cooper | Lightrocket | Getty Images Micron Technology‘s stock jumped 13% after the company signaled robust demand for its memory chips and blew away fiscal first-quarter estimates. During an earnings call with analysts, Micron, which makes memory storage used for computers […]
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Visa says new AI shopping tool has helped customers with hundreds of transactions
Mustafa Hatipoglu | Anadolu | Getty Images Visa said on Thursday that it successfully completed hundreds of AI transactions as part of a pilot program that kicked off after the company’s product event in April. The credit card issuer and rivals across the fintech industry are racing to build tools that allow consumers to task […]
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Oracle stock dips 4% on report Blue Owl Capital won’t back $10 billion data center
The Oracle logo exhibited during the Mobile World Congress in Barcelona, Spain, Feb. 28, 2019. Joan Cros | NurPhoto | Getty Images Oracle stocks dipped about 4% on Wednesday following a report that discussions with Blue Owl Capital on backing a $10 billion data center in Michigan had stalled, although the cloud company later disputed […]
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OpenAI in talks with Amazon about investment that could exceed $10 billion
Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images OpenAI is in discussions with Amazon about a potential investment and an agreement to use its artificial intelligence chips, CNBC confirmed […]
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PayPal applies to form bank that can offer small business loans and savings accounts
PayPal CEO Alex Chriss speaks at the Global Fintech Fest in Mumbai, India, on Oct. 7, 2025. Indranil Aditya | Nurphoto | Getty Images PayPal said Monday that it has applied for approval to form PayPal Bank, which would be able to offer loans to small businesses. “Establishing PayPal Bank will strengthen our business and […]
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AI infrastructure selloff continues on Wall Street as Broadcom, Oracle shares slide
Broadcom CEO Hock Tan. Lucas Jackson | Reuters In at least one corner of the artificial intelligence market, sentiment has turned decidedly negative. Broadcom, CoreWeave and Oracle, three companies intimately tied to the AI infrastructure buildout, all had another rough day on Wall Street on Monday after selling off sharply last week. While the three […]
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Palantir CIO Jim Siders leaves to become head of Thrive Capital’s new IT services business
Jim Siders speaks at an event Courtesy: Jim Siders Thrive Capital, the tech investment firm known for taking big stakes in companies including OpenAI, Stripe and Databricks, announced on Monday that it’s tapped Palantir veteran Jim Siders to serve as CEO of Shield Technology Partners, a newly created business focused on IT services. Siders spent […]
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Oracle says there have been ‘no delays’ in OpenAI arrangement after stock slide
Oracle CEO Clay Magouyrk appears on a media tour of the Stargate AI data center in Abilene, Texas, on Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images Oracle on Friday pushed back against a report that said the company will complete data centers for OpenAI, one of its major customers, in 2028, rather […]
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