Oracle adds about $700m to a restructuring plan it links to adopting AI inside the company
The filing, made on 11 September, does not say how many jobs are affected. It covers a quarter in which Oracle spent $28.5bn on capital expenditure.
The Business of AI — Page 6
Funding rounds, acquisitions, revenue, enterprise adoption and the commercial strategy behind the companies building artificial intelligence.
Meta asks some Applied AI staff to become managers again
Applied AI was set up with one manager for every 50 individual contributors. After 7,000 reassignments, May layoffs and a stalled plan to lean on AI, Meta is looking for volunteers to lead again.
Amazon opens its ad platform to ChatGPT, and brings its advertiser base with it
OpenAI built the ad product. What it did not have was a demand-side sales force. This pilot rents one, and it is the part of the deal that scales fastest.
Moonshot AI tells investors it can reach $2bn in annualised revenue by the end of the year
The growth is real and the margins are not the same as a closed lab's. Moonshot gives its model weights away, which is what got it to this revenue and what caps the profit on it.
Visa, Mastercard and Ant International want one identity check for shopping agents
Each already has its own scheme for identifying agents that buy things. The initiative is an attempt to stop three incompatible ones from becoming the permanent state of agentic commerce.
All stories
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- Meta buys Stockholm's Stilla, eight months after the startup left stealth
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- Justice Department asks whether Nvidia's Groq deal was built to dodge merger review
- Analog Devices buys Alif Semiconductor for $1.35bn to put AI on the sensor itself
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- Anthropic walks away from a $6bn deal for Decart after due diligence
- UBS will require graduates joining in 2027 to prove they can already use AI
- Authors say publishers are claiming money from the Anthropic settlement that belongs to them
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- Meta will sell Muse Spark at a twentieth of the price if you let it train on your prompts