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Oracle Assures Investors on AI Cloud Margins as It Struggles to Profit From Older Nvidia ChipsExclusive

Oracle Assures Investors on AI Cloud Margins as It Struggles to Profit From Older Nvidia Chips

Oracle on Thursday sought to reassure investors that its business of renting out servers packed with Nvidia chips to OpenAI, Meta and other artificial intelligence developers will become far more profitable as revenue surges. Oracle co-CEO Clay Magouyrk told financial analysts Thursday that the company’s AI data center business, which is mostly made up of rentals of Nvidia graphics processing units, will eventually generate a gross profit margin of 30% to 40%. The Information last week...

Oracle Raises AI Cloud Revenue Projection, Struggles to Profit From Older Nvidia Chips

The company said it will lose money in a "ramp up" period before generating revenue from cloud customers.

Brazilian Fintech CloudWalk Hits $1.2 Billion Annualized Revenue

The company, backed by DST Global and Coatue Management, recently completed a tender offer valuing it at $3 billion.

Exclusive: CoreWeave Hires Ex-AWS Executive as Chief Revenue Officer

The Information first reported Jones’ departure from AWS last month.

Ron Conway Criticizes Benioff’s Trump Support, Quits Salesforce Nonprofit

‘I now barely recognize the person I have so long admired,’ the investor wrote in an email to the Salesforce CEO.

Deel’s Valuation Rises to $17 Billion in $300m Fundraise

Human resources and payroll startup Deel has raised $300 million at a $17.3 billion valuation.

Microsoft Adds New AI Tools to Windows

The new push comes as Microsoft aims to convince more consumers to use its AI Copilot features.

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DoorDash and Waymo Partner on Autonomous Deliveries

Waymo already partners with Uber on ride-hailing and is now expanding its business to include food delivery.

TSMC CEO: Preparing for U.S. Plant’s Faster Upgrade to Advanced Technology

The world’s largest chip maker is expanding its U.S. production capacity while navigating geopolitical tensions.

Microsoft Aims to Make Most New Products Outside China From 2026

As geopolitical tensions have escalated, U.S. tech giants are trying to reduce their dependence on China’s supply chain.

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Anthropic Gets Ready for Startup M&A

Potential M&A targets could help boost Anthropic’s models, products and their underlying tech

Anthropic Nears $7 Billion in Annualized Revenue

The company is reported to target as much as $26 billion in annualized revenue by the end of next year.

Exclusive: Poolside in Talks With CoreWeave-Backer Magnetar for New Funding

Poolside, a two-year-old startup that had been developing artificial intelligence coding assistants, also said CoreWeave would supply it with 40,000 Nvidia chips.

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Meta and Arm Announce New Partnership

Meta will use Arm’s data center platforms to power the ranking and recommendation systems for its social media apps.

BlackRock-Led Group Makes $40 Billion Data Center Acquisition

The acquisition, which is expected to be finalized by the first half of next year, would be the largest such sale on record.

Palmer Luckey’s Erebor Bank Conditionally Approved

The U.S government conditionally approved a bank charter application for Erebor Bank.

Amazon Planning Fresh Layoffs in Consumer Division

The e-commerce giant previously cut large numbers of staff in 2022 and 2023.
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