Shares of Broadcom, CoreWeave, and Oracle, companies tied to the AI infrastructure buildout, extend last week's decline; ORCL is down 46%+ since September 10
Ari Levy / CNBC :
OpenAI says GPT‑5.2 Thinking beats or ties industry professionals on 70.9% of GDPval knowledge work tasks, delivering outputs at >11x the speed and <1% the cost
OpenAI eyes January exit from “code red” John Werner / Forbes : The Wonder And The Promise Of GPT 5.2 Is Here Benj Edwards / Ars Technica : OpenAI releases GPT-5.2 after “code red” Google threat alert...
Oracle reports Q2 revenue up 14% YoY to $16.06B, below $16.21B est., and raises its FY capex forecast to ~$50B, up from $35B as of September; ORCL drops 15%+
Oracle shares sank 11% in extended trading on Wednesday after the database software maker reported lower quarterly revenue …
US Treasury Secretary Scott Bessent says Trump and Xi will “consummate” a TikTok deal on October 30 in South Korea, confirming a final US-China deal on the sale
with Trump and Xi set to ‘consummate’ agreement Claudia Aoraha / Daily Mail : Trump and China reach groundbreaking TikTok deal after years-long battle over the app X: Mario Nawfal / @marionawfal : 🇺🇸🇨...
Oracle, whose expenses are rising as it begins to fulfill massive cloud infrastructure deals, turned cash flow negative this year for the first time since 1992
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg's journalists around the world. X: @brodyford_ , @edludlow , @danielnewmanuv , and @edludlow X: Brody Ford / @b...
Oracle reports Q1 revenue up 12% YoY to $14.93B, vs. $15.04B est., $2.9B net income, and remaining performance obligations up 359% YoY to $455B; ORCL jumps 40%+
Jordan Novet / CNBC :
Sources: OpenAI has agreed to rent additional computing power from Oracle, totaling ~4.5 gigawatts of US data center power, as part of its Stargate initiative
OpenAI is dead man walking then, Microsoft owns all the IP, and it burns $60+b in competitor venture capital. … @onefeincat : Enough power to send 3.71 Martys McFly back to 1985, and they're using it ...
SEC filing: Oracle signed multiple large cloud agreements, including one that is expected to contribute $30B+ in annual revenue starting in FY28; ORCL jumps 5%+
Oracle shares jumped more than 5% after a recent filing showed a cloud deal that would add over $30 billion annually.
Oracle reports Q4 revenue up 11% YoY to $15.9B, vs. $15.59B est., cloud revenue up 27% YoY, signals strong cloud infrastructure revenue growth; ORCL jumps 6%+
Jordan Novet / CNBC :
Oracle reports Q2 revenue up 9% YoY to $14.06B, vs. $14.1B est., and signs a deal with Meta to train Llama models on Oracle's cloud; ORCL drops 7%+
Larry Ellison's Fortune Loses $15 Billion Itai Levitan / Forexlive : Mixed signals in the market: Google soars while Oracle dives Andrew Kessel / Yahoo Finance : What Analysts Are Saying After Oracle'...