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AI's $400 bn problem: Are chips getting old too fast?
AI's $400 bn problem: Are chips getting old too fast?
Economy
by  AFP

In pursuit of the AI dream, the tech industry this year has plunked down about $400 billion on specialized chips and data centers, but questions are mounting about the wisdom of such unprecedented levels of investment. Building data centers requires raising significant capital, Luria points out.

Oracle shares dive as revenue misses forecasts
Oracle shares dive as revenue misses forecasts
Economy
by  AFP

Shares in business computing giant Oracle fell more than 10 percent on Wednesday on word its revenue missed heady expectations, dampening artificial intelligence euphoria in the market. Oracle's cloud and business computing unit accounted for $8 billion of that revenue, an increase of 34 percent from the same quarter in 2024, according to the earnings report.