Oracle Newsroom

Trump wants to amend AI Chip export controls? The U.S. Department of Commerce: Simplifying the 'Biden rules' is beneficial for innovation!

① A spokesperson for the USA Department of Commerce stated that President Trump plans to lift the restrictions on the export of advanced AI Chips instituted during the Biden administration, claiming that Biden's rules are overly complex and will hinder innovation in the USA; ② In January of this year, Biden released the "AI Diffusion Export Control Framework," establishing a "three-tier licensing system" for AI Chips, which limits the amount of advanced AI Chips accessible to various countries and regions.

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OpenAI Looking to Support Artificial Intelligence Projects, Infrastructure Beyond US

MT Newswires15:33 ET

Enterprise Stocks Mixed After Jamf, Teradata Earnings Results

Seeking AlphaMay 7 10:47 ET

Jim Cramer Says Hold Oracle (ORCL) and Buy More

Yahoo FinanceMay 7 08:12 ET

OpenAI Mulls Expansion of Stargate AI Project Outside US - Report

Seeking AlphaMay 7 07:57 ET

Oracle Launches Cloud Solutions to Power Retail Banking

Yahoo FinanceMay 7 07:42 ET

OpenAI plans to expand the 'Stargate' AI project beyond the USA.

OpenAI plans to expand its USA Datacenter project "Star Gate", which has a scale of 500 billion dollars, by increasing overseas investments. However, the group has not disclosed details regarding the financing and implementation of the project. Chris Lehan, Vice President of Global Affairs at OpenAI, stated: "This investment will exceed our expectations in the USA." In January of this year, OpenAI CEO Sam Altman launched the "Star Gate" project at the White House, with involvement from USA President Trump, SoftBank CEO Masayoshi Son, and Oracle boss Larry Ellison. Trump praised the achievements during his tenure.

Global Market ReportMay 7 07:26 ET

BizClik Media Launches May Editions of Technology Magazine and AI Magazine

PR NewswireMay 7 05:00 ET

OpenAI plans to reduce the revenue sharing ratio with Microsoft after restructuring.

According to media reports on Tuesday, OpenAI has informed investors that it will reduce the revenue sharing ratio to its main supporter Microsoft as the company's restructuring progresses. The ChatGPT manufacturer has recently scaled back significant restructuring plans, with its nonprofit parent company retaining control, a move that may limit CEO Sam Altman's dominance over the company. Reports indicate that in the Financial Estimates provided to investors, OpenAI stated that by the end of 2030, the revenue share given to Microsoft will be reduced by at least half. Under the existing agreement, OpenAI agreed to allocate 20% of its revenue before 2030.

Global Market ReportMay 7 03:25 ET

Oracle Insider Sold Shares Worth $2,646,651, According to a Recent SEC Filing

MT NewswiresMay 6 16:47 ET

Workday Could Soar With AI Strategy, Says Analyst

BenzingaMay 6 16:38 ET

International Business Machines (NYSE:IBM) Expands AI Innovations With Lumen And Oracle Collaborations

Yahoo FinanceMay 6 13:36 ET

Oracle (NYSE:ORCL) Expands AI And Cloud Services With Major Client Partnerships

Yahoo FinanceMay 6 13:22 ET

Utilities Call on Oracle AI to Transform Customer Service

PR NewswireMay 6 09:00 ET

Orange County Picks Oracle's AI-powered Cloud Applications

Yahoo FinanceMay 6 08:00 ET

New Oracle Cloud Services Help Retail Financial Institutions Modernize Lending and Collections

PR NewswireMay 6 08:00 ET

IBM AI Watsonx Integrates With Oracle Cloud To Boost Enterprise Productivity

BenzingaMay 6 07:57 ET

Mythics, LLC Accelerates Growth Strategy With Strategic Acquisition of SpearMC, Expanding Oracle Cloud & PeopleSoft Expertise

PR NewswireMay 6 07:00 ET

IBM and Oracle Expand Partnership to Advance Agentic AI and Hybrid Cloud

PR NewswireMay 6 00:00 ET

Here's How Much $100 Invested In Oracle 20 Years Ago Would Be Worth Today

BenzingaMay 5 19:45 ET