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Oracle to Raise Up to $50 Billion For Cloud Expansion
Oracle said Sunday it plans to raise between $45 billion and $50 billion this year through a mix of debt and equity to fund the rapid expansion of its cloud computing business. Oracle said the funds w...

Nomura Posts Crypto Losses—But That’s Only Half the Story
Japan’s largest brokerage, Nomura, disclosed on January 30 that its crypto subsidiary, Laser Digital, posted losses in the October–December quarter. The firm has reduced cryptocurrency positions a...

Apple Loses More AI Researchers to Meta and Google
Apple has reportedly lost at least four AI researchers recently to its big tech rivals. These departures include Yinfei Yang, Haoxuan You, Bailin Wang and Zirui Wang, Bloomberg News reporte...

Shenzhen’s Jereh Collapse: 150,000 Gold Investors Offered Pennies on the Dollar
A Shenzhen-based gold trading platform has collapsed after running what amounted to a leveraged betting operation with no physical backing, leaving over 150,000 investors scrambling to recover their f...

India Proposes 20-Year Tax Holiday for Cloud Companies
India is reportedly offering foreign cloud companies a 20-year tax amnesty for building data centers there. The proposal, announced Sunday (Feb 1) by India’s finance minister Nirmala Sith...

Every Bitcoin and Crypto Revelation in the Epstein Files
The newly unsealed Epstein files, released on January 30, shed light on his surprising proximity to cryptocurrency founders, investors, and projects during the industry’s formative years. The d...

AI Layoff News Sparks ‘AI Washing’ Worries
Artificial intelligence (AI) is playing an increasingly large role in corporate layoff announcements. But according to a report Saturday (Jan. 31) from The New York Times, some skeptics arg...

CFO’s Like AI But Don’t Trust It: Report
A new research study from Wakefield Research surveyed 100 CFOs at mid-market U.S. companies ($50M-$500M revenue). Between 60 and 77% already plan to adopt AI depending on the use case. But the finding...

Saks Global Winds Down eCommerce Deal With Amazon
Bankrupt department store company Saks Global is ending its eCommerce partnership with Amazon. That’s according to a Friday (Jan. 30) report from Reuters, which noted that the arrangement...

Google’s Self-Driving Car Arm on Road to $110 Billion Valuation
Google-owned self-driving vehicle startup Waymo is reportedly close to finalizing a $16 billion funding round. That new funding will value the company at $110 billion, more than double its ...

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