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Oracle Corporation recently announced its fiscal third-quarter financial results, revealing a mixed performance for the period. The company reported a 6% increase in sales, reaching $14.1 billion, though this fell short of analysts’ expectations of $14.4 billion. Additionally, revenue from Oracle’s cloud infrastructure also missed projections. Following the announcement, Oracle’s stock experienced a decline, dropping as much as 7.5% after the markets opened. This marked its lowest level...
Meta Platforms Inc., known for its ownership of Facebook, Instagram, and WhatsApp, is heavily investing in artificial intelligence (AI) infrastructure. The company has projected its 2025 expenses to fall between $114 billion and $119 billion, allocating up to $65 billion for AI-related developments, including custom chip production. As part of its Meta Training and Inference Accelerator (MTIA) series, Meta has developed a new AI training chip in collaboration...
Apple Inc. is encountering significant challenges within its AI division, leading to delays in updating the Siri digital assistant. Originally planned for the iOS 18.4 update in April, the new features that where introduced last June, which include Siri’s ability to use personal information for queries and enhanced app control—are now expected to be released “sometime in the coming year.” Apple has been struggling to develop these features,...
In Bologna, Italy, supercomputers inside a former tobacco factory crunch weather data daily to help energy traders make informed decisions. However, a new AI model developed by the European Centre for Medium-Range Weather Forecasts (ECMWF) is changing the game. This AI model not only uses real-time data but also incorporates historical information, resulting in more accurate predictions of temperature, precipitation, wind, and tropical cyclones. The model consumes less...
Hewlett Packard Enterprise (HPE) saw its shares plummet by 20% in premarket trading on Friday after the company revealed that its annual profit outlook would be impacted by recently imposed U.S. tariffs. This setback comes as the AI-server manufacturer navigates an intensely competitive market. New tariff measures introduced by the U.S. government have complicated supply chains. A 25% duty now applies to aluminium and steel imports from Canada...
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