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News
Oracle to Spend an Additional $700 Million on More Job Cuts
1+ day, 3+ hour ago (29+ words) Oracle Corp. increased the scale of its planned job cuts while the company grapples with a cash crunch tied to development of large-scale data centers for artificial intelligence work....
AI Startup Discovery Loop, founded by former Google Chief Scientist Jeff Dean, seeks to raise funds at $50 bn valuation
37+ min ago (303+ words) Discovery Loop, an artificial intelligence (AI) startup founded by Jeff Dean, a former chief scientist at Google, is seeking to raise funds again at a valuation of $50 billion. According to the report, the terms of the deal remain subject to…...
AI is turning agriculture into a predictive industry, but can farmers trust the predictions?
41+ min ago (230+ words) A farmer in western India, contracted to supply a large food company, received a message through his field agent last season. His expected yield for the coming harvest had been estimated. The quality of his produce, based on the practices…...
Oracle's AI Chips Ran 97.9% Utilized Last Quarter. For Nvidia, That Is What a Shortage Looks Like.
11+ hour, 41+ min ago (697+ words) Most of those chips are Nvidia's. Oracle's cluster design for its biggest AI deployments connects hundreds of thousands of Nvidia GPUs, and its largest planned builds target up to 800,000 of them. So while Nvidia didn't report this week, a company…...
OpenAI and Anthropic workers are about to learn the hidden challenge of becoming overnight millionaires
2+ mon, 2+ week ago (1170+ words) When OpenAI and Anthropic hit the public markets, a whole lot of employees are going to become gobsmackingly rich. That means it's time for some high-stakes financial planning. Both AI labs recently filed initial paperwork to go public, preparing to…...
OpenAI IPO Won’t Happen Until 2027, Sam Altman Tells Fortune
5+ hour, 4+ min ago (20+ words) OpenAI will not go public in 2026, Sam Altman told Fortune Magazine in an interview, citing need for safety-related work....
Red Cell Partners Secures Up To $100 Million CDAO Agreement For Agentic AI Shared Savings Program
3+ hour, 19+ min ago (229+ words) Red Cell Partners has entered into a one-year agreement with the Department of War’s Chief Digital and Artificial Intelligence Office with a ceiling of up to $100 million to pilot a shared-savings contracting model for AI services and agentic workflows. Under…...
The CFO's AI Playbook: 5 Finance Automations Every Indian Business Should Run in 2026
1+ hour, 52+ min ago (1261+ words) Over 60% of APAC finance leaders say AI-led automation is their top priority for 2026. For Indian businesses, that stat hides a quieter truth: most SMBs have no idea which automation to start with. They hear "AI for finance" and picture an…...
OpenAI IPO not happening in 2026, Sam Altman says, citing AI safety concerns
9+ hour, 48+ min ago (537+ words) Sam Altman says OpenAI has no plans to go public this year as the company focuses on AI safety, alignment and cooperation with governments OpenAI will not go public in 2026, CEO Sam Altman has said, as the artificial intelligence company…...
Q&A: Kirkland & Ellis on AI and its deal with Palantir
1+ day, 3+ hour ago (685+ words) Private equity advisers are racing to leverage AI and automate the services they provide to fund managers and their investors. Law firms, such as Kirkland & Ellis, have been among the most active adopters. The dominant name in private fund formation…...