Russia-Ukraine war: List of key events, day 1,388
These are the key developments from day 1,388 of Russia’s war on Ukraine.Source: www.aljazeera.comRead full article
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Disappointing Oracle results knock $70bn off value amid AI bubble fears
Weaker-than-forecast quarterly data for Larry Ellison’s tech company shows slowdown in revenue growth but big rise in spending
Oracle’s disappointing results have knocked more than $70bn off the value of software and data company co-founded by Trump ally Larry Ellison, adding to fears of a bubble in AI-related stocks.
Shares in the company fell by 11.5% overnight after it reported a lower-than-expected 14% rise in revenues to $16bn (£12bn) in the latest quarter while revealing it was boosting its AI spending by about $15bn.
Source: www.theguardian.com
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