Tag: billion
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Oracle shares slide as hefty AI spending, debt plans spook investors
June 11 : Oracle shares tumbled 12 per cent on Thursday as surging spending and a ballooning debt load fanned investor concerns about the cash burn in the company’s push to build out AI infrastructure.If the losses persist, the stock would log its biggest one-day drop since January last year, wiping off aroun
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Musk’s SpaceX IPO holds both promise and peril
SpaceX, Elon Musk’s rocket and AI company, presents potential for investors. But its futuristic, unproven plans also carry significant financial risks.
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KKR launches $10 billion AI infrastructure company with Nvidia, Vistra
June 11 : A KKR-led group on Thursday launched a new company with more than $10 billion in committed capital to finance the build-out of AI infrastructure, the latest effort by an alternative asset manager to capitalize on growing demand for AI services.The Kuwait Investment Authority, AI chip giant Nvidia an
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Oracle’s AI spending blows past estimates, raising worries over growing debt
June 10 : Oracle on Wednesday forecast capital spending plans for fiscal 2027 above Wall Street estimates, as the cloud computing company said it will also raise more debt in 2027, reflecting the staggering scale of cash burn needed to build out its AI infrastructure.Its shares fell 8.9 per cent in extended t
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Oracle’s AI spending for 2026 exceeds forecast, raising worries over growing debt
June 10 : Oracle’s capital spending for 2026 exceeded its projection and the cloud computing company said on Wednesday it would raise more debt in 2027, reflecting the staggering scale of cash burn needed to buildout its AI infrastructure.Its shares fell 5 per cent in extended trading, after Oracle said it ex
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Rising cyberscam losses expose gaps in EU response
Europeans are losing billions to online scams, yet the EU has been slower than the US, the UK and China in targeting the Southeast Asian networks behind many of them.
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South Korea has cleared SpaceX-IPO-linked dollar demand of around $1.5 billion, source says
SEOUL, June 10 : The massive demand for foreign exchange conversions tied to SpaceX’s IPO, which has weighed heavily on the South Korean won in recent weeks, has been cleared, a source familiar with the matter told Reuters on Wednesday.The estimated $1.5 billion in orders for dollar purchases has reached its
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Super Micro Computer to raise $7 billion in equity offerings to meet AI server demand
June 9 : Super Micro Computer said on Tuesday it would raise $7 billion through a series of equity and equity-linked financing transactions to fund the purchase of components needed to meet the growing demand for its advanced AI servers.The company said it will use the proceeds to fulfill orders worth about $
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Databricks in talks to raise funds at over $165 billion, The Information reports
June 8 : Data analytics software firm Databricks has discussed raising funds in a round that could begin next month and value it at between $165 billion and $175 billion, The Information reported on Monday, citing sources.Here are a few details: • Databricks, one of the most valuable privately held c
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Applied Digital signs $5.2 billion AI data center lease with US hyperscaler
June 8 : Applied Digital has signed a 15-year lease with a U.S.-based hyperscaler at its Delta Forge 2 site which is expected to generate about $5.2 billion in revenue over the period, sending the company’s shares up 8.7 per cent in extended trading. Major technology companies are raising their spending on da
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