Cerebras, a chipmaker specializing in AI model processors, plans to file for an initial public offering (IPO) soon. The company was valued at $8.1 billion in a recent funding round and has secured a major deal with OpenAI, which intends to spend over $20 billion on Cerebras products and will receive warrants to buy shares. Cerebras operates chips in its own data centers as a cloud service and competes with Nvidia and AMD in AI infrastructure. This IPO comes amid growing investor interest in AI tech companies and follows a previous withdrawal of IPO paperwork to update financial details.
Tradr ETFs has introduced two new leveraged ETFs that provide twice the inverse daily performance (-200%) of Applied Optoelectronics and Oracle stocks. These funds, listed on Cboe, offer traders tools to profit from or hedge against declines in these...
Oracle is transforming from a traditional software company into a hyperscaler focused on AI-driven cloud infrastructure. The company faces risks from high debt and customer concentration, notably with OpenAI, but its accelerating cloud revenue and la...
Oracle introduced a new AI Studio Skill within Oracle AI Agent Studio for Fusion Applications, enabling customers and partners to build AI-driven Fusion Agentic Applications natively inside Oracle Fusion Cloud. These applications use specialized AI a...
Bealls Inc., a 111-year-old US retailer, improved its clearance pricing strategy by adopting Oracle Retail Lifecycle Pricing Optimization (LPO). This AI-driven solution replaces fixed markdown schedules with dynamic pricing based on real-time demand,...
Loews Hotels & Co is implementing Oracle OPERA Cloud Central services across its U.S. properties to unify property management, distribution, service, loyalty, and sales on a single platform. This integration aims to enhance guest recognition, optimiz...
