In addition to Trump, you can guarantee that virtually every tech company will mention AI revenue and spending. According to Jefferies analyst Brent Thill, Microsoft should report improved AI consumption and continued spending, something investors have been hoping for as the company works to meet customer demand for AI infrastructure.
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President Donald Trump said he is open to Elon Musk or Oracle (ORCL) Chairman Larry Ellison purchasing TikTok as part of a joint venture with
Challenges came in tandem with TikTok’s success. U.S. officials expressed concerns about the company’s roots and ownership, pointing to laws in China that require Chinese companies to hand over data requested by the government. Another concern became the proprietary algorithm that populates what users see on the app.
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The United States Supreme Court on Friday ruled against TikTok's bid to avoid a ban that could shut the app down in just two days and impact millions of users who rely on the platform for entertainment,
This potential ban is being challenged by TikTok on First Amendment grounds, with the company referring to it as an "unprecedented censorship" for the over 170 million Americans who use the app. The Supreme Court's decision could have significant repercussions for stocks such as Meta (NASDAQ: META) and Oracle (NYSE: ORCL ), among others.
The ban is the end result of 2024 legislation passed on national security concerns that called for TikTok parent ByteDance to sell the popular short-video app or see it shut in the United States on Jan. 19.
Despite attempting to ban TikTok during his first presidential term, Trump has since celebrated the app as a way to undercut tech companies he dislikes and reach young voters quickly. TikTok's chief, Shou Zi Chew, even flew to Trump's Mar-a-Lago Club in Palm Beach last month in a last-ditch attempt to save the app's presence in the U.S.
Global stocks steadied on Thursday, as a rally fueled by President Donald Trump's spending plans for artificial intelligence infrastructure fizzled and caution set in over what the new U.S. president's next moves on trade might be.
Salesforce CEO Marc Benioff was literally chuckling when talking to CNBC from Davos about the new rift in Microsoft’s relationship with OpenAI. As part of OpenAI’s plans to team up with SoftBank and Oracle on a $500 billion data center project called Stargate,
Oracle Financial Services Software Ltd., incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 83,287.37 Crore) operating in IT Software sector. Oracle Financial Services Software Ltd. key Products/Revenue Segments include ...