Oracle’s AI Hype Meets Reality Check in Earnings
Oracle reports earnings Wednesday amid a massive stock sell-off. The company faces questions about its huge AI deals and debt levels, even as analysts see potential for a rebound.
Category: Business
SAP’s AI got a 95% score, until consultants knew it was AI
SAP ran an internal test where five teams reviewed over 1,000 business requirements completed by its AI, Joule. Teams told it was intern work rated it 95% accurate. The team told it was AI rejected almost everything, until forced to check.
Intuit CEO’s Reality Check: Customers Don’t Care About AI
At the Fortune Brainstorm AI conference, Intuit CEO Sasan Goodarzi offered a blunt perspective. He argued that small businesses and consumers don’t care about AI itself; they just want help growing and managing their money.
ABB and E.ON Team Up To Tackle Industry’s Energy Bill Problem
Two industrial giants, ABB and E.ON, are joining forces to accelerate energy efficiency projects. Their partnership focuses on removing upfront costs for companies in sectors like food & beverage and data centers, offering guaranteed savings through a single service model.
VSCO Lays Off 24 Staff, Pivots Hard to Pro Photographers and AI
VSCO has laid off 24 employees in a major restructuring. The company says its consumer business fell more than expected and it’s now shifting focus to professional photographers and AI-powered tools.
KKR Bets Billions on Compass Data Centers
KKR is making a major investment in a portion of Compass Datacenters’ operating facilities. The deal, reportedly worth several billion dollars, will help fund Compass’s aggressive development pipeline across the US, Europe, and Israel.
Bank CEOs Head to Capitol Hill to Fight Crypto Rules
The heads of three of America’s largest banks are meeting with U.S. senators on Thursday. Their goal is to shape, and potentially block, key parts of upcoming crypto market structure legislation.
US Uses Trade Deal To Make UK Pay More For Drugs
The Trump administration just struck a deal with the UK, using trade policy as a lever. Britain agreed to raise the price ceiling its National Health Service will pay for novel drugs by 25%. It’s a direct move to make other countries shoulder more of the global drug development cost.
The Yankees’ Clock Maker Just Went Bankrupt. Smartwatches Are To Blame.
The family-owned watchmaker behind the official clock at Yankee Stadium has filed for bankruptcy. The company says the rise of smartwatches and a disastrous acquisition in the wearables market led to its downfall, leaving it with over $36 million in liabilities.
Webb Telescope Finds a “Milky Way” From When the Universe Was a Baby
The James Webb Space Telescope has discovered a stunningly well-formed spiral galaxy from when the universe was only about 1.8 billion years old. Named Alaknanda, this “Milky Way lookalike” challenges long-held theories about how quickly galaxies could organize themselves in the early cosmos.