Author: arthursheikin@gmail.com
[ad_1] Oracle sent its shares soaring after markets closed yesterday after reporting that it signed multiple multi-billion-dollar contracts with several customers. Now, we have an idea of who those customers might be. Oracle signed a deal with OpenAI for the AI company to purchase $300 billion worth of compute power over a span of about five years, according to reporting from the Wall Street Journal. OpenAI would start purchasing this compute in 2027. If the WSJ’s reporting is correct, this would be one of the largest cloud contracts ever signed. Oracle declined to comment. OpenAI did not respond to a…
[ad_1] Alan “Ace” Greenberg, then a partner at Bear Stearns, hired Jeffrey Epstein — who was working as a math teacher at Manhattan’s prestigious Dalton School — to the firm in 1976.”A parent at Dalton called my husband and said, ‘This kid is brilliant,'” Greenberg’s widow, Kathryn Olson Greenberg, told Business Insider. “My husband had the mindset to try someone out.”Two years after hiring Epstein, Greenberg became the investment bank’s CEO.In the birthday letter, Greenberg wrote that Epstein had been hired to trade stock options on the American Stock Exchange floor. Stock options, which give investors the ability to buy…
[ad_1] 2025-09-10T18:02:45Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. OpenAI is raising billions at a $500 billion valuation, attracting intense investor interest. OpenAI CFO Sarah Friar spoke at Goldman’s tech conference in San Francisco this week. Here are the highlights of what she shared with the packed room of conferencegoers. The Goldman Sachs tech conference is happening…
[ad_1] YouTube announced on Wednesday that its multi-language audio feature has officially launched after a two-year-long pilot. Now, millions of YouTubers can add dubbing to their videos in different languages, helping them reach a wider global audience. The rollout is expected to happen over the coming weeks. The feature initially launched as a pilot in 2023, available to a limited number of creators, including MrBeast, Mark Rober, and chef Jamie Oliver. Creators had to work with third-party dubbing services until YouTube introduced an AI-powered auto-dubbing tool that leverages Google’s Gemini technology to replicate a creator’s tone and emotions. Since its…
[ad_1] Oracle ‘s staggering forecast has reignited enthusiasm for artificial intelligence, particularly for one specialized chipmaker. The knockout revenue forecast made it clear that demand for AI workloads is set to continue, reassuring investors about long-term returns beyond the resource-intensive “training” phase of AI models. In other words, the shift to the “inference” phase — where a trained model can make predictions and real-world conclusions based on new data — has arrived. The market has long expected a higher payout from the inference phase of the AI buildout cycle, and many see Broadcom as a huge beneficiary. It is the…
[ad_1] Unlike many large-cap growth stocks, Tesla hasn’t been making new highs lately. In fact, it’s been trapped in a fairly wide trading range between roughly $290 and $370 since May. Because of that, it has been largely absent from the financial headlines. This is understandable given the AI-related technology stocks that continue to set new records. But we shouldn’t ignore Tesla. As we know, the stock has a tendency to capitalize on buy-side momentum when demand finally finds its way back — and that could be happening again soon. Here’s why. Even though the stock has been stuck in a trading range, it…
[ad_1] Anthropic reported a service outage impacting APIs, Console, and Claude earlier this afternoon. Users on GitHub and Hacker News noted issues with Claude at around 12:20 ET, with Anthropic releasing a status update eight minutes later, noting that its APIs, Console, and Claude AI were down. At press time, the company said it had implemented several fixes and was monitoring the results. “We’re aware of a very brief outage of our API today shortly before 9:30am PT,” an Anthropic spokesperson told TechCrunch. “Service was quickly restored.” Anthropic is no stranger to errors or bugs on its platform and has…
[ad_1] The hits keep coming for adtech firm The Trade Desk.Netflix on Wednesday said it had entered a partnership with Amazon to let advertisers use the Amazon DSP to buy ads on Netflix starting in the fourth quarter. The Amazon DSP, or demand-side platform, is a self-service software that lets advertisers plan and buy ads across Amazon’s properties and other apps and websites.The Amazon DSP is a direct competitor to The Trade Desk, a pure-play public adtech company. The rivalry between the pair has been heating up following years of quiet investment from Amazon as part of a strategy to…
[ad_1] TechCrunch Disrupt 2025 hits Moscone West in San Francisco from October 27 to 29, bringing together 10,000+ startup and VC leaders for three days of bold ideas, groundbreaking tech, and future-shaping conversations. One of the most highly anticipated sessions happening on one of the two AI Stages will spotlight where AI hardware is heading next, featuring a live look at the robotics and autonomous systems pushing boundaries in real time. AI may be reshaping software, but when it comes to robotics and autonomous systems, the big breakout moment is still on the horizon. That’s what makes this session at…
[ad_1] Larry Ellison doubled his wealth gain this year to $200 billion on Wednesday thanks to Oracle’s stock surge, becoming the world’s richest person.Ellison, the enterprise-software giant’s cofounder, surged past Tesla CEO Elon Musk as his net worth topped $393 billion, according to the Bloomberg Billionaire Index.Oracle shares shot up 42% Wednesday to trade at record highs. Investors piled in after the company forecast phenomenal revenue growth, underpinned by AI demand, in an earnings report after the bell in New York. The stock has now doubled this year, lifting Oracle’s market value to nearly $1 trillion.Ellison, 81, was already the…