Oracle’s AI ambitions face scrutiny on earnings miss

Oracle’s AI ambitions face scrutiny on earnings miss

An Oracle office in Silicon Valley, California. Image: ykanazawa1999 Oracle forecast sales and profit that missed analyst estimates on Wednesday, while saying that spending would rise by US$15-billion compared with earlier estimates – a sign that big capital outlays to chase AI cloud-computing customers is not turning into profit as fast as Wall Street had…

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Titan submersible owner OceanGate used “intimidation tactics” to avoid scrutiny before implosion, U.S. Coast Guard says

Titan submersible owner OceanGate used “intimidation tactics” to avoid scrutiny before implosion, U.S. Coast Guard says

The U.S. exploration company OceanGate used “intimidation tactics” to “evade regulatory scrutiny” in the years leading up to the June 2023 Titan submersible tragedy, according to findings released by the U.S. Coast Guard Tuesday.  Those conclusions are part of an over 300-page report released by officials into the incident, which killed five people onboard when…

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