Oracle Corporation is currently the main contender to play a key role in running TikTok in the United States, The Information said on Thursday, citing investors, bankers and former executives briefed on the matter.According to the sources, TikTok's parent company ByteDance favors Oracle as the...
Oracle Corporation unveiled on Monday that its revenue in the third quarter of its fiscal 2025 amounted to $14.1 billion, growing 6% on a USD basis, year over year.In the three months ending February 28, on an annual basis, net income jumped 21% to $2.9 billion, while diluted earnings per share...
Salesforce Inc. is in talks on a "major" new cloud services deal with Microsoft Corp., Google LLC and Oracle Corp., Salesforce's President Srini Tallapragada stated in an interview published on Thursday. He said the company is looking to rent servers for its various applications as it grows with...
SoftBank Group Corp. and OpenAI plan to commit $19 billion each to Stargate, the artificial intelligence (AI) endeavor that was unveiled by United States President Donald Trump earlier this week, the Information reported.This would supposedly see both companies owning 40% of the project, the...
When asked by a reporter if he is "open to" billionaire entrepreneur Elon Musk buying TikTok, Trump said he "would be," if Musk wanted to buy it.
"TikTok is worthless if it doesn't get the permit," Trump said. "So what I'm thinking about saying to somebody is, buy it, and give half to the United...
OpenAI CEO Sam Altman hailed the $500 billion joint artificial intelligence (AI) Stargate project as the "most important project of this era" and thanked United States President Donald Trump for making it possible.On AI, Altman said that "as this technology progresses, we will see diseases [like cancer]...
United States President Donald Trump, speaking from the White House on his first day back in office, announced a groundbreaking initiative to boost America's position in artificial intelligence.Joined by key industry leaders, Trump revealed plans for Stargate, a new US-based company that will invest...
United States President Donald Trump will use his speech scheduled for later in the day to reveal his scheme to invest billions of dollars in developing artificial intelligence (AI) infrastructure in the country, CBS News reported on Tuesday.According to people familiar with the matter, the strategy...
Oracle Corporation shared on Monday that its second-quarter revenue for its fiscal 2025 expanded by 9% to land at $14.1 billion, slightly below market forecasts.In the reported quarter, its GAAP diluted earnings per share jumped by 24% from the corresponding timeframe a year before, coming in at...
The upcoming week will see its fair share of financial insights, starting with Oracle's second-quarter results on Monday and ending with Costco and Broadcom on Thursday.Tuesday, investors will be looking at GameStop's third-quarter results, with the company's revenue in the second quarter of the...
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