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IREN Limited's stock surges as the company pivots from Bitcoin mining to AI cloud services, fueled by massive GPU purchases and lucrative contracts with major AI companies.
As AI rapidly advances, concerns grow over the concentration of power in the hands of a few tech giants. Critics argue for urgent action to break up 'Big AI' to protect innovation, competition, and democratic values.
Oracle introduces role-based AI agents to enhance customer experience and automate workflows in its Fusion Cloud applications. The new agents, available at no additional cost, aim to improve personalization, productivity, and revenue opportunities.
Industry experts warn of a potential 10-year shortage in NAND flash and DRAM due to surging AI demand. This could lead to significant price increases for SSDs, RAM, and various electronic devices.
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