Business

Oracle boosts data centre revenue forecast as AI strategy accelerates

Database group reports huge increase in capex as it tries to compete with larger rivals

Oracle tops estimates as AI demand tempers cash-burn fears

Oracle's quarterly revenue beats estimates as AI boom drives cloud demand

Oracle's stock jumps 7% on earnings beat as cloud infrastructure revenue more than doubles

Oracle's results for the quarter came in stronger than expected, as did its revenue backlog.

Oracle Posts Cloud Sales That Top Estimates on Surging AI Demand

Oracle Corp. reported growth in its cloud computing business that topped analysts’ estimates, suggesting the company’s large AI data center projects are helping boost its financial results.

Dispersion In High Yield Idiosyncratic: Steinbach

Margaret Steinbach, fixed income asset class lead at Capital Group, joins Scarlet Fu on "Bloomberg Deals." They discuss the gap between spreads between CCC and single B bonds in the high yield market. (Source: Bloomberg)

Intel-Backed Altera Seeking IPO as Soon as 2026, Reuters Says

Altera, a chipmaker backed by Silver Lake and Intel Corp., is preparing to file confidentially for an initial public offering that could occur as soon as this year, Reuters reported, citing people familiar with the matter.

Adobe beats third-quarter revenue estimates on AI product demand

Adobe beats third-quarter revenue estimates

Adobe Forecast Misses Estimates, Renewing Fears About AI Impact

Adobe Inc. gave an outlook for sales that narrowly missed analysts’ estimates, renewing concerns about pressure from artificial intelligence upstarts.

Silicon Valley Escalates Warnings About Existential Risks of AI

For years, some of the leading figures in Silicon Valley have warned that artificial intelligence might pose an existential threat to humanity even as they pushed to develop the technology. This week, the high-profile resignation of an…

Stocks are sliding as this ‘negative risk trinity’ spooks investors

Investors are taking a more cautious tack as rising bond yields and and a calendar riddled with risks — from Federal Reserve meetings to the U.S. midterm elections — inspire many to adopt a more cautious position.