Oracle’s revenue fell short of Wall Street expectations, sending shares down over 6%. The miss comes as the company makes huge bets on AI infrastructure, raising investor concerns about capital spending and its multibillion-dollar commitment from OpenAI.
The U.S. Trade Representative has voiced sharp concerns over the EU’s enforcement actions against American tech companies. This comes immediately after a major fine against Elon Musk’s X platform, testing the promises of a recent trade agreement.
Google CEO Sundar Pichai says AI is the most profound tech ever and society will have to “work through” the disruption, implying no job is safe. But with a stagnant job market and mixed evidence on AI’s real impact, is this just fatalistic hype from those who stand to profit?
The European Union Chamber of Commerce in China warns that reducing supply chain reliance on China is shifting from talk to concrete action. This comes as China’s trade surplus hits a record $1 trillion for the year through November, even as global trade investigations against it soar.
The Trump administration has agreed to let Nvidia sell its H200 AI chips to approved customers in China. The deal includes a 25% U.S. cut of sales and a mandatory security review. The move follows intense lobbying by Nvidia and its allies.
The Adani Group is making a major move into India’s data center market with a new 48MW facility. The conglomerate plans to invest Rs 2,500 crore ($280 million) in the project located in the southern state of Telangana.
A quiet White House executive order in August is opening private equity to everyday retirement savers. Experts argue this “democratization” exposes the industry to massive new legal risks from retail investors who won’t tolerate its opaque practices.
Databricks CEO Ali Ghodsi believes his company has a shot at a $1 trillion valuation. His plan hinges on three new growth vectors: capturing the transactional database market, riding the wave of AI-powered coding, and building a platform for enterprise AI agents.
Standard Chartered has dramatically lowered its Bitcoin price forecasts. The bank now sees the cryptocurrency hitting $150,000 in 2026, down from a previous target of $300,000.
Wells Fargo CEO Charlie Scharf says AI is making engineers 30-35% more efficient and will reshape work in compliance, legal, and call centers. But a PYMNTS report finds over half of workers see AI as a significant job displacement risk, with 38% fearing for their own specific role.
