… The entity’s three managing investors are cloud-computing company Oracle, private-equity group Silver Lake and Abu Dhabi-based investment firm MGX. …
… It has also joined Tesla, Oracle and other tech companies in moving headquarters or major operations to Texas, known for lower taxes and business-friendly regulations. …
… In January, TikTok said the venture will retrain, test and update TikTok’s content recommendation algorithm on U.S. user data and the algorithm will be secured in Oracle’s U.S. …
… Among the most significant developments is Stargate UAE, a massive AI data center project being developed through collaboration between G42, Open AI, Oracle, Nvidia, Cisco, and SoftBank. …
Oracle shed about 21,000 roles globally in the last year as the US technology giant reshapes its business around artificial intelligence (AI), the firm’s latest annual report shows. …
… man next in line, Alphabet co-founder Larry Page. “The second richest person has been hovering around $300 billion, so about less than one-third of what Musk can potentially be worth tomorrow,” said Matt Durot, deputy editor at Forbes Wealth. “And only one other person, (Oracle …
… The purchases included securities linked to companies such as Microsoft, Meta Platforms, Oracle, Broadcom, Bank of America , and Goldman Sachs, as well as trades in municipal bonds. …
TikTok U.S. Chief Security Officer Will Farrell will testify before the U.S. House Select Committee on China on September 15, marking the first public testimony by a TikTok U.S. executive since ByteDance finalized a deal in January to split the app from its global business. The hearing will allow lawmakers to question the company about Chinese involvement and President Donald Trump's role in brokering the separation.
TikTok U.S. Chief Security Officer Will Farrell will testify before the U.S. House Select Committee on China on September 15, marking the first public testimony by a TikTok U.S. executive since ByteDance finalized a deal in January to split the app from its global business. The hearing will allow lawmakers to question the company about Chinese involvement and President Donald Trump's role in brokering the separation.
Samsung Electronics has cut 739 roles at its Englewood Cliffs, New Jersey office and some 100 workers at its Plano, Texas office as it moves its consumer electronics headquarters to Texas; a majority of affected workers received relocation offers, while others were let go.
The U.S. Justice Department said federal employees can now download TikTok on government devices, reversing a 2022 ban after ByteDance transferred control of the app's U.S. operations to a joint venture with American investors holding 80.1% ownership and the algorithm secured in Oracle's U.S. cloud.
U.S. states, led by California Attorney General Rob Bonta, are considering a lawsuit to block Paramount's $110 billion acquisition of Warner Bros. Discovery, citing competition concerns. The deal would combine two of Hollywood's four major studios, and has faced opposition from actors, writers, and theatre owners who fear job losses and reduced competition.
Abu Dhabi has committed approximately AED 13 billion (US$3.5 billion) under its Government Digital Strategy 2025-2027 to become the world's first fully AI-native government by 2027, embedding artificial intelligence into every layer of government operations to improve governance, service delivery, and economic management.
Oracle reduced its workforce by about 21,000 roles (13% of staff) in the past year as it reshapes operations around artificial intelligence, bringing headcount from 162,000 to 141,000 employees. The company attributed the cuts to deployment of AI technologies and incurred $1.8bn in severance and restructuring costs.
SpaceX raised a record $75 billion in its initial public offering on Thursday. Following the share sale, Elon Musk's net worth surpassed $1 trillion, making him the world's first trillionaire.
CBS News has terminated the contract of "60 Minutes" correspondent Scott Pelley, according to sources at the network, part of more than half a dozen departures from the show in recent weeks. The termination followed reports that Pelley had criticized editor-in-chief Bari Weiss over changes to the program.
Banking giant Standard Chartered announced it will cut more than 15% of its back-office roles, around 7,800, by 2030 as it increases its use of artificial intelligence and automation. The firm aims to move some affected workers to other roles in the business.
U.S. President Donald Trump disclosed at least $220 million in financial transactions involving major U.S. company securities in the first three months of 2026, according to ethics filings released by the U.S. Office of Government Ethics. Purchases included securities linked to Microsoft, Meta Platforms, Oracle, Broadcom, and other firms, with the cumulative value reported in broad ranges totaling between $220 million and around $750 million.