Software
- Oracle shares on pace for worst quarter since 2001 as new CEOs face concerns about AI buildout - Investors want to know if Oracle, under new CEOs Clay Magouyrk and Mike Sicilia, can pay for and deliver data centers packed with Nvidia chips for OpenAI.
- ServiceNow acquiring cybersecurity startup Armis for nearly $8 billion - The enterprise software company said the deal will bolster its cybersecurity capabilities in the age of artificial intelligence.
- Google was at risk of losing its dominance — until it promoted this AI executive - Josh Woodward, a 16-year Google veteran, is tasked with running the Gemini app and going head-to-head with OpenAI in the booming generative AI market.
- Oracle stock jumps 5% as cloud provider joins investor group to run TikTok's U.S. business - The new joint venture will prevent TikTok from shutting down in the U.S. due to national security concerns.
- TikTok signs agreement to create new U.S. joint venture, memo says - TikTok's U.S. operations will be housed in a new joint venture, according to a memo sent to employees by CEO Shou Zi Chew.
- Altman and Musk launched OpenAI as a nonprofit 10 years ago. Now they’re rivals in a trillion-dollar market - As OpenAI turns 10, the former nonprofit AI lab is at the center of a roughly $1.4 trillion bet on AI infrastructure.
- Salesforce shares pop 5%, continuing post-earnings rally and pushing stock to best week since 2023 - Salesforce pops 5% after earnings beat, aiming for best week since 2023
- Okta beats third-quarter earnings expectations - Okta said its benefitting from artificial intelligence widespread product adoption