Oracle.Bloomberg/Getty ImagesOracle maintained its fiscal 2027 capital expenditure forecast at $90 billion to $95 billion.Oracle reported 121% cloud growth, boosting shares by 7% following its earnings report.Oracle is touting new financing models amid pressure to balance AI spending and profitability.Oracle is holding the line on its data center spending forecast.On Thursday, Oracle reported $28.5 billion …
OpenAI backed out of sponsoring a mathathon at CalTech after mathematicians signed an open letter decrying AI's effects on the field.Bloomberg/Getty ImagesOpenAI pulled its sponsorship of Caltech's AI math hackathon.Mathematicians warned the event could fuel "slop mathematics."Event organizers said they intended for the event to be a showcase for responsible AI use.The latest math problem …
Wolf von Dewitz/picture alliance via Getty ImagesMcKinsey advises some of the world's biggest companies on managing their AI spend.Internally, the firm has implemented controls to help manage how its staff use AI tokens.One solution is an email alert when consultants' AI usage gets too high.Consulting firms moved quickly to make AI part of employees' working …
Elon Musk founded The Boring Company after becoming frustrated with LA traffic.credit should read ROBYN BECK/AFP via Getty ImagesEven more money is flowing into Elon Musk's business empire.The Boring Company, the billionaire's tunneling startup, said on Thursday it had raised $3 billion at a $23 billion valuation.Investors are flocking to Musk's companies after SpaceX's IPO, …
This fall, there's a tech-founder movie out there for every taste.Sony / A24 / NeonSilicon Valley is having a moment in Hollywood this fall.Elizabeth Holmes and Elon Musk are getting the documentary treatment, with two very different tones.Meta and OpenAI are the subjects of two movies that could be major players this awards season.This fall, …
Anthropic CEO Dario Amodei.Bloomberg/Getty ImagesAnthropic posted a sales job directly targeting one of its biggest customers, Meta.The AI lab took down the job posting after Business Insider asked about it.Meta and Anthropic have a complicated relationship, as both pushing to develop frontier AI.Anthropic posted — and then deleted — a job listing for a salesperson …
OpenAI CEO Sam Altman said the economy had "so much inertia."Chip Somodevilla/Getty ImagesThis post originally appeared in the Business Insider Today newsletter.You can sign up for Business Insider's daily newsletter here.Could using AI to help you with your next big idea ultimately lead AI giants to beat you to the punch?A professor and OpenAI are …
Influencer marketing has a surprisingly persistent #ad disclosure problem.fotostorm/Getty ImagesInfluencer marketing is booming. So is its ad disclosure problem.New research shared with BI found that brands are asking creators not to disclose paid partnerships.The SheSpeaks survey also found 14% of creators said they didn't always disclose brand ties.Brands have a proposition for influencers: What if …
An Army Reserve drill sergeant with 1st Brigade, 95th Training Division, speaks to trainees on Fort Sill, Oklahoma.Maj. Linda Gerron/US ArmyThe Army is planning for a potential future fight that could require it to train more recruits quickly.The service recently examined how reservists could help rapidly plus-up basic training.The experiment will be used as a …
Car and gas prices keep rising. Chris Larsen says California should let in some Chinese EVs to help.Bloomberg/Getty ImagesCars are expensive. Gas is expensive (especially in California).Chris Larsen, Ripple's cofounder, has a solution: bring in the Chinese EVs.Regulators in Washington are uneasy about Chinese vehicle software on US roads.Chris Larsen thinks California's low-income drivers should …
