Oracle's Q2 Revenue Surges to $14.1 Billion Amidst AI Boom
Oracle Corporation reported a 9% increase in second-quarter revenue to $14.1 billion, driven by a surge in AI demand. Despite this, the figure slightly missed market forecasts, lea...
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OpenAI Unveils Revolutionary AI Video Tool Sora Turbo
OpenAI has launched its AI video-generation tool, Sora, available in the US and internationally. Sora Turbo, a high-end accelerated version, offers enhanced video generation capabi...
Allianz Announces Ambitious Shareholder Dividend Plan
Allianz SE announces a new dividend policy to redistribute 75% of its net income to shareholders via dividends and share buy-backs over the next three years. The German insurer wil...
Amazon and Intuit Strengthen Partnership to Empower Sellers
Amazon.com Inc. and Intuit Inc. expand their strategic partnership to offer Amazon sellers enhanced financial management, regulatory compliance, access to capital, and business exp...
TeamViewer Acquires 1E for $720 Million: Strengthening Digital Workplace Solutions
TeamViewer acquires IT firm 1E for $720 million, aiming to integrate remote access expertise with 1E's autonomous IT platform to enhance digital workplace solutions and customer be...
Stellantis and CATL Join Forces for a €4.1 Billion Battery Plant in Spain
Stellantis NV and CATL announce a €4.1 billion joint venture to build an LFP battery plant in Spain, aiming for a 50 GWh annual production capacity by 2026, signaling a significant...
TikTok Awaits SCOTUS Decision on US Ban: Will Free Speech Prevail?
TikTok anticipates the US Supreme Court will reverse a ruling by an appeals court upholding the federal ban on the platform within American soil, citing the Court's historical prot...
Lululemon's Impressive Q3 2024 Earnings Boost Stock by 18%
Lululemon Athletica Inc. shares surged 18.67% following the release of strong Q3 2024 financial results, with revenue reaching $2.39 billion and gross profit at $1.4 billion, both ...
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