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Oracle to spend $700 million more on restructuring costs as it ramps up AI spendingIn a bid to enhance its AI capabilities, Oracle has decided to raise restructuring costs by $700 million, making the total amount for its f...- Oracle rises as AI-fueled backlog growth deflects spending worriesOracle shares rose 3% in early trading after a $26 billion increase in its revenue backlog eased concerns over its debt-funded AI spending....
- India’s banks could turn legacy tech into an AI advantage: BCGIndian banks may transform legacy systems into an AI advantage. Institutions with fewer old systems can directly adopt AI-first operations....
- Oracle shares rise as AI cloud backlog beats estimatesOracle shares rose significantly after reporting strong quarterly results. The company secured over thirty billion dollars in new AI cloud ...
- Oracle earnings show slower cash burn as AI spending starts to pay off; stock jumps 4% after marketOracle’s latest earnings offered investors relief as stronger-than-expected revenue and a smaller cash burn eased concerns over its heavy A...
- Oracle shares rally: Can strong AI demand sustain Oracle’s stock surge?Oracle shares jumped after the company beat quarterly revenue and earnings estimates, while cloud infrastructure revenue more than doubled ...
- Oracle tops estimates as AI demand tempers cash-burn fearsShares of the company, which have slumped more than 21% this year, rose 4% in extended trading after Oracle reported a jump in revenue back...
- Meta share price surges after personal AI agent Muse releaseMeta shares surged more than 6% on Wednesday, a day after the company unveiled a personal AI agent that it says can book travel, send email...
- Barclays raises S&P 500 year-end target to 7,950 on strong earningsBarclays raised its year-end S&P 500 target to 7,950 from 7,800, citing strong corporate earnings and continued AI investment. The brokerag...
- Farmers embrace AI more than any other tech, McKinsey saysThe AI adoption follows a multiyear farm slump that crimped spending amid rising costs for agricultural inputs.
- OpenAI offers AI for chip design, touts cost advantage over open-source, CFO saysSpeaking at Goldman Sachs' Communacopia + Technology Conference in San Francisco, Friar said OpenAI is focusing on sectors including chip d...
- 15-year-olds are reading, calculating and reasoning worse than ever, thanks to AI, OECD findsGlobal 15-year-olds show weakest performance in reading, math, and science tests. Reading scores declined significantly, with students now ...
- AI's left hand begins to take away jobs before its right hand canIn response to soaring chip prices, Samsung India is downsizing its electronics division. The burgeoning demand for specialized chips fuele...
- India’s AI spend set to cross 21% of IT budgets by 2027: ServiceNowIndian AI investment surged significantly, outpacing global growth rates. However, widespread AI readiness and risk assessment processes re...
- Global IT firms outpace India-listed rivals on AI, consultingData from Kotak Institutional equities showed Accenture, the global market-cap leader in pureplay IT services, posted a 3% revenue growth i...
- Taiwan's Wistron raises $1.5 billion in global share sale to fund raw material purchasesNvidia supplier Wistron is raising $1.47 billion through a global share sale as surging AI spending drives demand for servers and component...
- China’s AI capex jumps 105% YoY, but Jefferies says US cloud giants face greater risksChinese tech giants sharply increased AI capital expenditure in Q2 2026, driven by inference demand and chip availability. However, Jefferi...
- Broadcom raises AI chip forecast as Big Tech keeps writing bigger checksThey have gained about 6% this year, significantly underperforming rivals and the broader semiconductor index, as AI spending concerns an...
- Only 22% companies have scaled AI across business units: ReportFew organisations successfully scale artificial intelligence across business units. Many companies increase AI spending without clear finan...
- Indian IT companies may see growth recovery from FY27 as AI spending shifts to enterprise adoptionIndian IT firms anticipate robust growth starting FY27. Global technology spending will shift towards AI deployment and integration. This t...
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