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Oracle stock jumps after $30 billion annual cloud deal revealed in filing

cnbc.com Samantha Subin 2026-02-17 10:44:36

Oracle CEO Safra Catz speaks at the FII PRIORITY Summit in Miami Beach, Florida, on Feb. 20, 2025. Oracle shares jumped more than 5% after a recent filing showed a cloud deal that would add over $30 billion annually. CEO Safra Catz is slated to share the deal news at a company meeting Monday, according to a filing with the Securities and Exchange Commission. The revenues are expected to start hitting in the 2028 fiscal year. "Oracle is off to a strong start in FY26," Catz is expected to say,

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Rivian cuts dozens on manufacturing team ahead of R2 launch

techcrunch.com Sean O'Kane 2026-02-22 05:58:29

Rivian has laid off around 140 employees, or roughly 1% of its workforce, as it prepares for the launch of its more affordable R2 SUV in 2026, TechCrunch has learned. The cuts were mostly made to Rivian’s manufacturing team and have been ongoing since Wednesday, according to multiple former employees who were granted anonymity to speak about the layoffs. Some employees were told that the company was eliminating roles that created “process inefficiencies.” Rivian confirmed the cuts in an email

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Cargo Ship Carrying Flaming EVs Sinks Off the Coast of Alaska

gizmodo.com Aj Dellinger 2026-02-24 05:15:43

If you were waiting on a new car, the Domino’s Pizza Tracker equivalent for vehicle orders might be stuck at the “Delivery” spot for a while. A cargo ship carrying a fleet of electric vehicles, hybrids, and gas-powered vehicles sank, according to the New York Times, after catching fire while crossing the Pacific. The Morning Midas, a ship sailing under a Liberian flag and managed by international shipping firm Zodiac Maritime, went under about 360 nautical miles from the coast of Alaska, accord

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Trump Mobile Draws Attention to Purism's $1,999 Liberty Phone

cnet.com See Full Bio 2026-03-02 18:00:00

The Trump Organization drew headlines last week when it announced the launch of Trump Mobile, a cell service with plans to release a gold T1 phone in September. One of its selling points, according to the website, is that the T1 phone is "Proudly made in America," though that does not appear it will be the case when the phone launches, among other issues. An independent phone maker based in San Francisco, however, has been working on the closest thing to a smartphone made almost entirely in the

Topics: according company india phone trump
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OpenAI weighs "nuclear option" of antitrust complaint against Microsoft

news.ycombinator.com Unknown 2026-03-11 19:51:17

OpenAI executives have discussed filing an antitrust complaint with US regulators against Microsoft, the company's largest investor, The Wall Street Journal reported Monday, marking a dramatic escalation in tensions between the two long-term AI partners. OpenAI, which develops ChatGPT, has reportedly considered seeking a federal regulatory review of the terms of its contract with Microsoft for potential antitrust law violations, according to people familiar with the matter. The potential antitr

Topics: according ai antitrust microsoft openai
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OpenAI weighs “nuclear option” of antitrust complaint against Microsoft

arstechnica.com Unknown 2026-03-12 13:26:28

OpenAI executives have discussed filing an antitrust complaint with US regulators against Microsoft, the company's largest investor, The Wall Street Journal reported Monday, marking a dramatic escalation in tensions between the two long-term AI partners. OpenAI, which develops ChatGPT, has reportedly considered seeking a federal regulatory review of the terms of its contract with Microsoft for potential antitrust law violations, according to people familiar with the matter. The potential antitr

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The cracks in the OpenAI-Microsoft relationship are reportedly widening

techcrunch.com Maxwell Zeff 2026-03-13 11:40:51

In Brief OpenAI and Microsoft may be reaching an inflection point in their relationship, according to a report from The Wall Street Journal. The report, citing anonymous sources, says OpenAI executives have considered publicly accusing Microsoft of anticompetitive behavior throughout their partnership. OpenAI executives also mulled whether to seek a federal regulatory review of their contract with Microsoft. OpenAI is trying to loosen Microsoft’s grip on its intellectual property and computin

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Suspect in Minnesota Shooting Linked to Security Company, Evangelical Ministry

wired.com Tess Owen 2026-03-15 12:49:05

A man named Vance Boelter allegedly shot and killed Melissa Hortman, a Democratic Minnesota state representative, and her husband Mark Hortman at their home at some point early Saturday morning while, according to law enforcement, impersonating a police officer. He also allegedly shot state senator John Hoffman and his wife Yvette Hoffman at their home. They are alive, but remain in critical condition. Law enforcement has said they found a manifesto and hit list in the alleged suspect’s car, wh

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One Survivor Walks Away From Air India Plane Crash That Killed 241: Report

gizmodo.com Matt Novak 2026-03-19 05:35:39

A London-bound plane carrying 242 people crashed in Ahmedabad, India, shortly after takeoff on Thursday. Air India flight 171 crashed into B.J. Medical College, where early reports suggest dozens more have been killed on the ground, according to the New Indian Express. There was one survivor from the plane, according to the BBC. Vishwash Kumar Ramesh survived the crash, according to the Hindustan Times and the BBC, which cites Ahmedabad’s police chief GS Malik as a source. The man, a 40-year-ol

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Crypto exchange Bybit says it was hacked and lost around $1.4B

techcrunch.com Lorenzo Franceschi-Bicchierai 2025-11-13 22:00:33

Crypto exchange Bybit announced on Friday that “a sophisticated attack” led to the theft of Ethereum (ETH) from one of the company’s offline wallets. Bybit’s chief executive and co-founder Ben Zhou said in a livestream that the hackers stole around 401,346 ETH, which at the time of the theft amounts to about $1.4 billion. Both crypto security firm Elliptic, as well as crypto security researcher ZachXBT, the total amount of ETH stolen is worth around $1.4 billion, making this the largest known

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Crypto exchange Bybit says it was hacked and lost around $1.4 billion

techcrunch.com Lorenzo Franceschi-Bicchierai 2025-11-14 04:00:33

Crypto exchange Bybit announced on Friday that “a sophisticated attack” led to the theft of ethereum (ETH) from one of the company’s offline wallets. Bybit’s chief executive and co-founder Ben Zhou said in a livestream that the hackers stole around 401,346 ETH, which at the time of the theft amounts to about $1.4 billion. Both crypto security firm Elliptic, as well as crypto security researcher ZachXBT, the total amount of ETH stolen is worth around $1.4 billion, making this the largest known

Topics: according billion bybit crypto theft
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61 US startups became unicorns in 2024: Here’s the full list

techcrunch.com Dominic-Madori Davis 2025-11-13 15:55:22

Despite the tight venture capital market, unicorns are still being created every month. Using data from Crunchbase, CB Insights, and PitchBook, TechCrunch tracked down the newly minted unicorns so far this year. The list includes Elon Musk’s xAI, which is already valued at a staggering $24 billion, as well as a good number of other AI startups. But cybersecurity, health tech, and fintech have also done well. This list will be updated throughout the year, so check back and see the powerhouses ra

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SpaceX engineers brought on at FAA after probationary employees were fired

arstechnica.com Unknown 2025-11-14 00:12:56

Engineers who work for Elon Musk’s SpaceX have been brought on as senior advisers to the acting administrator of the Federal Aviation Administration (FAA), sources tell WIRED. On Sunday, Sean Duffy, secretary of the Department of Transportation, which oversees the FAA, announced in a post on X that SpaceX engineers would be visiting the Air Traffic Control System Command Center in Virginia to take what he positioned as a tour. “The safety of air travel is a nonpartisan matter,” Musk replied. “S

Topics: according engineers faa senior spacex
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CEO of Clearview AI, a controversial facial recognition startup, has resigned

techcrunch.com Charles Rollet 2025-11-14 00:17:16

The CEO of Clearview AI, the controversial facial recognition startup that created a searchable database of 30 billion photos by scraping the internet, has resigned, according to a statement he supplied to TechCrunch. The CEO, Hoan Ton-That, said “it is time for the next chapter in my life” and that he would remain on as a board member of Clearview AI. He declined to comment when asked for more details on what specifically sparked his resignation. The news was first reported by Forbes. Clearvi

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These Are the SpaceX Engineers Already Working Inside the FAA

wired.com Vittoria Elliott 2025-11-14 00:50:14

Engineers who work for Elon Musk’s SpaceX have been brought on as senior advisers to the acting administrator of the Federal Aviation Administration (FAA), sources tell WIRED. On Sunday, Sean Duffy, secretary of the Department of Transportation, which oversees the FAA, announced in a post on X that SpaceX engineers would be visiting the Air Traffic Control System Command Center in Virginia to take what he positioned as a tour. “The safety of air travel is a nonpartisan matter,” Musk replied. “S

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After raising $1 billion, fintech Varo closes another $29 million, replaces founder CEO

techcrunch.com Mary Ann Azevedo 2025-11-14 02:59:53

Fintech Varo has been hoping to raise a $55 million Series G round but has, so far, closed on $29 million to date, according to a recent SEC filing. Varo declined to comment on this new round but the fintech has raised just over $1 billion in funding since its 2015 inception, according to PitchBook. It wouldn’t be the first time its fundraising didn’t go as hoped for. In 2023, Varo raised a $50 million equity round at a lower valuation ($1.85 billion post-money) than its massive and, it said,

Topics: according company million techcrunch varo
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