THE TRUTH ABOUT: 9 - The Untold Story

Major Stock Market Crash Is Coming: Wall Street Analyst Warns Oracle Could Be the First To Fall

Oracle's financial stability is at risk due to mounting debt, a credit downgrade by S&P Global, and heavy reliance on OpenAI's successful IPO.

International Business Times UK · Jul 16

How Democrats’ datacenter push in swing states is risking their midterm hopes

Polls suggest many Democratic voters oppose the projects as party leaders champion AI investment

The Guardian - US · Jul 15

Oracle Leads AWS, Microsoft, Google in Race to Build Japan's Secret Cloud Project to Counter Chinese Hacking Threats: Report

Oracle Corporation (NYSE:ORCL) is reportedly leading the race to provide high-security cloud services to Japan. This move is crucial for secure intelligence sharing between Tokyo and its allies.

Benzinga · Jul 15

Oracle billionaire Larry Ellison once sued the city of San Jose to land his private jet at midnight—but bought his $490 million megayacht over lattes and two emails and no lawyers were involved

Tech billionaire Larry Ellison commissioned his superyacht Rising Sun with just two emails. This deal contrasted sharply with his extensive legal battles over smaller matters. Designer Jon Bannenberg created the yacht's final masterpiece largely without modern computer design tools. This is surprising because Larry Ellison sued the city of San…

The Economic Times · Jul 11

AI data centre boom doubles Big Tech debt to $350 billion in five years

Major AI data center builders have doubled their debt in five years. This borrowing finances an unprecedented spending spree for economic transformation. Investors have backed these companies, buying new bonds issued globally. However, Amazon's recent bond issuance received a chilly reception from buyers. Some companies show balance sheet strain as…

The Economic Times · Jul 10

Bank of England handed powers to regulate key tech firms including Amazon and Google

Direct oversight of ‘critical third parties’ such as Oracle and Microsoft given to ensure resilient cyber-defences and help safeguard UK economy

The Guardian - UK · Jul 10

Billionaire Larry Ellison once fought the entire city of San Jose so he could land his private jet at midnight, but when it came to buying a $490 million megayacht, he did it over lattes and two emails

Larry Ellison, the tech titan, exemplifies contrasts through extravagant purchases and turbulent legal encounters. His lavish superyacht was created with little legal fuss, showcasing a whimsical side. Yet, after five years, he embraced minimalism amidst a notable drop in his wealth due to stock market changes. As Oracle’s fiscal health…

The Times of India · Jul 10

UK to regulate cloud service providers to protect financial system

The move is designed to protect the country’s financial system and make sure they have measures in place to support outages or disruption.

Evening Standard · Jul 10

'Critical third parties': UK puts Microsoft, Google, Amazon and Oracle under financial oversight

Major cloud providers like Microsoft and Google are now critical third parties. This designation brings their cloud operations under direct regulatory oversight. The new framework aims to safeguard the country's financial system resilience. This move addresses increasing reliance on cloud services by financial firms. The regulations take effect on July…

The Times of India · Jul 10

Starbucks taps tech's wonder kid and serves Microsoft, IBM a cold brew

Starbucks is developing artificial intelligence tools internally to replace existing software. These new applications could replace systems currently bought from Microsoft and IBM. The coffee chain aims to reduce significant annual spending on software licenses. Some of these AI-powered tools may be implemented by the end of next year. This…

The Economic Times · Jul 10