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CoreWeave inks $11.9 billion contract with OpenAI ahead of IPO

By Echo Wang NEW YORK (Reuters) -CoreWeave, an artificial intelligence startup backed by Nvidia, has signed a five-year contract worth $11.9 billion with OpenAI ahead of its hotly anticipated stock

Oracle gives strong long-term growth outlook as AI cloud demand soars

By Zaheer Kachwala (Reuters) -Oracle CEO Safra Catz on Monday gave a strong growth outlook for its fiscal 2026 and 2027, indicating that the skyrocketing demand for advanced artificial intelligence

Oracle expects 15% revenue growth next fiscal year on strong AI cloud demand

(Reuters) - Oracle CEO Safra Catz said that the company's large sales backlog will help drive 15% growth in its revenue next fiscal year, surpassing analysts' current estimates as it expands its

Oracle misses third quarter revenue estimates

(Reuters) -Oracle missed Wall Street expectations for third-quarter revenue on Monday, weighed down by softer enterprise spending on its cloud infrastructure services, and strong competition from

Exclusive-CoreWeave wins $12 billion cloud contract from OpenAI ahead of IPO, sources say

By Echo Wang NEW YORK (Reuters) -CoreWeave, an artificial intelligence startup backed by Nvidia, has signed a five-year cloud-computing contract worth $11.9 billion with OpenAI ahead of its hotly

Apple preparing for a major software overhaul, Bloomberg News reports

(Reuters) -Apple is preparing a major overhaul of its software, due later this year, which will change the look of the operating systems and the interface of the iPhone, iPad and Mac, Bloomberg News

Exclusive-Apple, Meta likely to face modest fines over DMA breaches, sources say

By Foo Yun Chee BRUSSELS (Reuters) -Apple and Meta Platforms are set to face modest fines for allegedly breaching landmark rules aimed at reining in their power, people with direct knowledge of the

Exclusive-CoreWeave strikes $12 billion contract with OpenAI ahead of IPO, sources say

By Echo Wang NEW YORK (Reuters) - CoreWeave, an artificial intelligence startup backed by Nvidia, has signed a five-year contract worth $11.9 billion with OpenAI to provide cloud computing services

Musk says X is facing cyberattack following outage

(Reuters) -Social media platform X went down for nearly 12,000 users on Monday, which owner Elon Musk said was the result of a cyberattack. "There was (still is) a massive cyberattack against X. We

US SEC to move away from requiring crypto firms to register as trading systems, chief says

WASHINGTON (Reuters) - The acting chief of the U.S. Securities and Exchange Commission said on Monday he has directed staff to look at ways to abandon a plan that would have widened the definition of

On Camera

The influencer war that took rural creator Pujarini Pradhan global

As social media debated whether audiences were consuming Pujarini Pradhan as a symbol, The Juggernaut turned her into a story that could circulate globally, with or without her participation.

SEBI proposes return of open market share buybacks to support stocks

Regulator seeks feedback on allowing firms to repurchase shares via exchanges after tax changes, as markets reel from war-led selloff and foreign outflows.

South Korea’s Cheongung-II missile system makes its mark in West Asia war. Here’s why

UAE has been using this defence system, which is similar to America's Patriots, against Iranian missiles and unmanned aerial vehicles.

China insulated itself against energy shocks. India is ‘all talk, no walk’

China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.