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Technology

  • Business
    Bloomberg

    Oracle Shares Set for Record High on AI-Fueled Cloud Growth

    (Bloomberg) -- Oracle Corp. reported better-than-expected bookings and announced partnership deals with tech rivals, giving a boost to Chairman Larry Ellison’s effort to redefine the software maker as a major competitor in the business of cloud computing. Most Read from BloombergHunter Biden Convicted of Gun Charges by Jury in DelawareApple Hits Record After Introducing ‘AI for the Rest of Us’Dozens of CVS Generic Drug Recalls Expose Link to Tainted FactoriesPimco Warns of More Regional Bank Fai

  • Business
    Reuters

    South Korean AI chip developers Rebellions and Sapeon to merge

    South Korean AI chip developers Rebellions Inc and Sapeon Korea Inc are pursuing a merger, Sapeon parent SK Telecom Co said on Wednesday, in the latest attempt in South Korea to challenge global AI chip leader Nvidia as a boom in artificial intelligence continues. The consolidation is aimed at winning the global AI semiconductor market within the next two to three years, a window of time South Korea must not miss as AI competition intensifies across the world, SK Telecom said in a statement. The merged company will seek to gain a strong position in neural processing units (NPUs) used in AI, with Rebellions responsible for management of the merged entity.

  • Business
    Bloomberg

    SK’s AI Chip Startup Sapeon Agrees to Merge With Rebellions

    (Bloomberg) -- SK Telecom Co.’s artificial-intelligence chip startup unit Sapeon Korea Inc. and rival Rebellions Inc. have agreed to combine their businesses, joining forces in a bid to compete globally and capitalize on booming demand for AI services. Most Read from BloombergHunter Biden Convicted of Gun Charges by Jury in DelawareApple Hits Record After Introducing ‘AI for the Rest of Us’Dozens of CVS Generic Drug Recalls Expose Link to Tainted FactoriesPimco Warns of More Regional Bank Failur