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Oracle is betting billions on massive data center buildouts to lead in the AI cloud race. But as infrastructure comes online, Wall Street worries that if key clients like OpenAI can't sustain huge AI spending, this gamble could become a heavy asset burden. Oracle recently detailed these risks in its annual report.....
Global banking is witnessing a fierce competition for Chief AI Officers (CAIOs), with institutions like HSBC, Commonwealth Bank of Australia, and Lloyds Bank appointing AI heads in the past three months. Surveys show the proportion of organizations with CAIOs surging from 26% in 2025 to 76% in 2026, driving up salaries and reshaping financial leadership.....
Ferrari HP team partners with IBM to upgrade fan apps using AI, transforming complex track data into immersive content. This aims to engage a diverse F1 fan base, reshape fan economy with generative AI, and appoint a 'Fan Development Director' to enhance interactive experiences.....
IBM announced the integration of Google Vertex AI and Intel Gaudi into the Db2 database, enhancing AI management capabilities. The updated Db2 Genius Hub can automate routine database management tasks within a rule framework, replacing some DBA work. After integrating with Vertex AI, users can more conveniently build, deploy, and scale machine learning models, improving data processing efficiency.
Microsoft halts hiring in cloud and sales to cut costs and boost margins amid AI infrastructure investments, while continuing to recruit for AI tool teams, signaling a strategic focus shift.....