Data center surge brings risk for states and munis, Moody’s Says
A flood of data center projects with their heavy power and water demands are introducing credit risks for state and ...
Tag: Bloomberg
Oracle cut 21,000 jobs in 12 months, says AI replaced some roles
Oracle Corp. reduced its workforce by 21,000 employees in the past 12 months, a wider scale than previously known, including ...
Europe fights to loosen America’s grip on payment systems
American companies dominate the invisible system that facilitates global payments. Tap a card in a Paris cafe, and, within seconds, ...
Robinhood culls 300 in 10% headcount cut as fintechs retrench
Robinhood Markets Inc. said it’s cutting 10% of its workforce, a reduction of around 300 positions, to “remain lean and ...
Chainguard, cyberfirms use AI to hunt for open-source flaws
More than two dozen companies including JPMorgan Chase & Co. and an array of cybersecurity firms are collaborating to remedy ...
SoftBank attempt to get $6B OpenAI margin loan stalls
SoftBank Group Corp.’s talks with potential creditors to raise at least $6 billion from a margin loan backed by its ...
OpenAI to acquire cloud platform Ona to support AI agents
OpenAI has agreed to acquire Ona, a startup that offers cloud services to support artificial intelligence agents, part of a ...
Banks lay groundwork for mass workforce cuts as AI takes hold
In the hope he’ll land a job in finance, Andre Bonnick spends hours rehearsing what he’s going to say. He’s ...
Apple investors give lukewarm reaction to new Siri, AI platform
Apple Inc. used its Worldwide Developers Conference to lay the foundation for a new generation of products, making the case ...
Trump signs AI cybersecurity order after debate over its reach
President Donald Trump ordered US agencies to work with artificial intelligence companies on protecting against AI-enabled cyber attacks under a ...
