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Oracle expects strong sales in cloud transition

Oracle expects strong sales in cloud transition copy

Bloomberg Oracle Corp’s shares rose on a strong sales forecast, signaling the world’s second-largest software maker expects greater customer demand in its transition to cloud-based computing. Revenue will increase 2 percent to 4 percent in the current quarter, holding currency exchange rates constant, with higher growth through the second half of the fiscal year, Chief Executive Officer Safra Catz said ...

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UK startup raises $200mn from investors

Uk startup raises $200mn from bmw, microsoft copy

Bloomberg A UK startup that designs semiconductors used for artificial intelligence applications has raised $200 million from investors including BMW AG and Microsoft Corp. Graphcore Ltd is one of a number of companies trying to design a new class of chips that will be better at crunching the vast amount of data needed to make computers smarter. They argue that ...

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T-Mobile wins key nod for Sprint deal

T mobile wins us security panel's nod for sprint deal copy

Bloomberg T-Mobile US Inc won US national security approval for its takeover of Sprint Corp, one of the regulatory conditions needed before the two wireless carriers can combine. The Committee on Foreign Investment in the US, or Cfius, has approved the proposed transaction, the companies said in a joint statement December 17. The approval moves the No. 3 and No. ...

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