Oracle raises risks of data center spending

The company is locked into leases for future computing power ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Here’s your wrap of the latest must-read tech news. For more expansive and analytical coverage from around the globe, get the Tech In Depth newsletter. Market Snapshot SAP SE €135.08 -0.7% Apple Inc $289.36 +2.7% Kioxia Holdings Corp ¥89,680.00 +1.4% Market data as of 07:14 PM ET. Data is subject to provider delays. Your watchlist Top Stories SAP shake-up: For the second time this year, the German software company has reorganized executive responsibilities. Chief Executive Officer Christian Klein will take over much of the product team. Apple’s legal battle: The US Supreme Court said it would hear an appeal by Apple involving its long-running antitrust battle against Epic Games. The justices will review a contempt ruling against the iPhone maker. Anthropic’s new tool: The AI company is releasing Claude Science, new software aimed at helping scientists automate aspects of their research. It pulls together more than 60 scientific databases. Must Reads SpaceX IPO Left Mirae With No Shares on Misunderstanding It was supposed to be the deal that vaulted Mirae Asset Securities Co. into the global big leagues. Chip Stocks Put Up Their Best Quarter Ever With Some Wild Swings Chip stocks posted their best quarter ever, extending an extraordinary start to the year driven by insatiable demand for artificial intelligence equipment. But after recent jitters sent the stocks tumbling, investors are wondering how much further the rally can go. Amazon to Pay $2.25 Million to End US Case Over ID Theft Amazon.com Inc. agreed to pay $2.25 million to settle US claims that it routinely failed to provide records to help customers who were victims of identity theft. Beyond The Brief Oracle is among six tech firms that have committed a total of more than $850 billion to lease data centers in the future to meet the demand for AI work, Brody Ford reports in today’s Tech In Depth. And Oracle lays out all the ways that huge spending could go wrong in the “risk factors” to its business in the company’s routine regulatory filings, he writes. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world. New From Bloomberg Get the AI Today newsletter, chronicling the disruptions and threats of AI on businesses, workers, finance and economies with analysis from Bloomberg’s global newsroom. Before You Go... CIA Aims to Speed Tech Adoption as AI Is ‘Rewriting’ Conflict CIA Director John Ratcliffe vowed to step up the agency’s efforts to deploy artificial intelligence and quantum computing, stressing that rapid developments in emerging technologies are changing the nature of geopolitics. Read more We’re improving your newsletter experience and we’d love your feedback. If something looks off, help us fine-tune your experience by reporting it here. Follow Us You received this message because you are subscribed to Bloomberg’s Tech In Brief newsletter. If a friend forwarded you this message, sign up here to get it in your inbox. Unsubscribe Bloomberg.com Contact Us Bloomberg L.P. 731 Lexington Avenue New York, NY 10022 |