Oracle’s stock took a 4% hit following a Financial Times report that Blue Owl Capital had walked away from talks to back a $10 billion, 1-gigawatt data center project in Michigan. Oracle disputes the report, claiming the project is “on schedule” but with a different equity partner. The incident high
According to Fortune, 2025 is seeing a surge in outsider CEO appointments, defying the traditional preference for internal candidates. Spencer Stuart research reveals that insiders and outsiders perform similarly on average, but outsiders bring higher volatility and potentially higher reward. This s
Fernando de Leon built a $10 billion firm by spotting distress, like before the 2008 crisis. He sold billions in property in 2021, sensing a market top. Now, he says the same dangerous signals are flashing in the red-hot data center sector.
The Colossal Foundation, the nonprofit arm of de-extinction company Colossal Biosciences, has doubled its funding with a new $50 million infusion. The money is fueling less flashy but critical conservation work, including cloning “ghost wolves” to save the American Red Wolf and developing an mRNA va
According to a Business Insider report, Microsoft CEO Satya Nadella is driving a radical, urgent transformation centered on AI, mandating executives to commit or leave. The shift includes new weekly AI meetings for lower-level staff and major leadership changes, as the company tries to reinvent its
OpenAI is bringing in former UK finance minister George Osborne to head a new initiative called “OpenAI for Countries.” The move signals a major strategic pivot towards selling AI infrastructure directly to national governments. It’s a high-stakes gamble on geopolitics.
OpenAI is negotiating a major investment from Amazon that could exceed $10 billion, according to a CNBC report. This comes after OpenAI restructured to gain more freedom to partner beyond Microsoft, its primary backer.
An Amazon executive is pushing back on a common AI narrative. He argues that junior employees, who are often most adept with new AI tools, are actually a critical asset companies shouldn’t lose.
President Trump is launching a new program called the US Tech Force to recruit around 1,000 technology specialists from major companies like Amazon, Apple, and Google. These workers would serve in federal agencies for up to two years, with a focus on accelerating AI use and modernizing systems. The
The CEO of payments processor Thredd warns that banks, especially smaller ones, are running out of time to modernize credit. Consumers now expect seamless, flexible repayment options as a baseline, not a bonus.
