Oracle (ORCL) reported its fourth quarter earnings after the bell on Wednesday, beating analysts’ expectations on the top and bottom lines but missing on cloud revenue.

Oracle also announced it will raise roughly $40 billion to pay for its data center build-out via a mixture of debt and equity sales. Shares fell over 10% in early trading Thursday.

For the fourth quarter, Oracle saw earnings per share (EPS) of $2.11 on revenue of $19.18 billion. That’s better than the EPS of $1.97 and $19.09 billion in revenue analysts were expecting, according to a Bloomberg analyst consensus.

Oracle stock took a stinging hit after announcing its second quarter earnings in December on a weak outlook and concerns related to its spending plans.

The company reported EPS of $1.70 and revenue of $15.9 billion in the same period a year ago.

Oracle’s Cloud business revenue, which includes Cloud Applications and Cloud Infrastructure, came in at $9.91 billion. Wall Street was looking for $9.99 billion.

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Anthropic (ANTH.PVT) launched its most powerful AI model yet on Tuesday. Called Claude Fable 5, the software is the first of the company’s so-called Mythos-class models.

Anthropic initially revealed its Claude Mythos Preview in April, noting that it proved particularly adept at finding vulnerabilities across every major operating system and web browser, despite not being designed for cybersecurity.

To combat the potential threat that Mythos-like AI models could be used to break into critical infrastructure systems, Anthropic launched Project Glasswing, a collaboration between the company, Amazon (AMZN) Web Services, Apple (AAPL), Google (GOOG, GOOGL), Cisco (CSCO), Microsoft (MSFT), JPMorgan Chase (JPM), and other organizations.

As part of the effort, Anthropic provided the firms with early access to Mythos Preview so they could use it to find and address vulnerabilities in their software.

Unlike Mythos Preview, however, Anthropic said Claude Fable 5 will receive a general public release. That’s because the company said it has instituted safeguards in the model that block responses to “high-risk areas” such as cybersecurity and biology.

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SpaceX (SPCX) revealed its first generation of orbital data center satellite — dubbed AI1 —in a video posted to X late Monday. The reveal marks SpaceX’s first step toward one of its biggest initiatives, just as the company preps for its market debut, slated for this Friday.

The AI1 satellite has compute capability of 150 kW peak and 120 kW on average, with the company quoting an efficiency of 70 kW per ton. The compute provider is interchangeable, meaning SpaceX is not locking the spacecraft to a single chipmaker. Power comes from a 150-kW solar array delivering 250 watts per square meter, built with SpaceX-manufactured solar technology produced in CEW.

The satellite is large, with a wingspan of 70 meters (230 feet) and a deployed height of 20 meters (66 feet). Its architecture centers on a single compute module flanked by large deployable solar arrays and a deployable liquid-radiator thermal-management system.

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OpenAI (OPAI.PVT) on Monday said it filed confidential paperwork for an initial public offering (IPO), setting up one of the most anticipated market debuts in years.

The company said it hasn’t decided on timing yet, and that it may take a while “because there are things we want to do that are likely easier as a private company.”

In March, OpenAI said it had a post-money valuation of $852 billion.

The announcement sets up a showdown with rival Anthropic (ANTH.PVT), which filed confidential paperwork for its own IPO last week. Anthropic was last valued at $965 billion.

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Apple (AAPL) revealed iOS 27 at its Worldwide Developers Conference in Cupertino, Calif., on Monday. The software powering more than 1 billion iPhones worldwide now includes a host of AI updates designed to improve overall performance.

The company said it has made visual improvements to its Liquid Glass interface style, including the ability to reduce the divisive light-diffusion effect, which Apple launched last year.

The company said it has also made its devices more responsive, as well, making swiping between apps smoother. Opening iPhone and iPad apps is now 30% faster.

Older iPhones also get improved performance via iOS 27, including devices as far back as the iPhone 11.

Apple emphasized trust and safety this year. In particular, the company discussed preventing children from overusing their devices via its child safety features.

Parents can now limit the apps their child can access, providing them with access to a few essential options, and then gradually adding more over time.

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Apple (AAPL) unveiled its long-delayed AI-powered version of its Siri digital assistant at its annual Worldwide Developers Conference (WWDC) on Monday in Cupertino, Calif.

The new Siri, called Siri AI, includes a variety of upgrades that bring it closer to AI helpers like OpenAI’s (OPAI.PVT) ChatGPT and Google’s (GOOG, GOOGL) Gemini, enabling users to have back-and-forth conversations and complete tasks.

It’s the biggest update to Apple’s digital assistant in years, turning it into a kind of AI hub for your iPhone, iPad, and Mac.

Ahead of the announcement, Apple’s senior vice president of software engineering, Craig Federighi, framed the new Siri and Apple Intelligence updates as more purposeful than those of other companies that add AI for the sake of saying they use the technology.

Powered by Google’s own Gemini AI model , Siri AI is more conversational than its predecessor and gets its own dedicated app and customizable voice options.

Apple demonstrated how chats now work with Siri, showing off how you can ask when an artist you like is performing nearby. The assistant will then provide you with upcoming tour dates and set a reminder for them. The company then showed how you can quickly ask Siri to play a single by the artist.

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Intel (INTC) stock rallied by more than 11% after The Information reported that Google (GOOG) had asked Intel to manufacture 3 million of its in-house Tensor Processing Unit (TPU) chips.

The boon for Intel comes as Taiwan Semiconductor Manufacturing Company (TSM), the global leader for chip manufacturing, has been struggling to keep up with chip demand.

The demand has created openings for rivals like Intel, which are seeking orders from companies such as Google. Google is expected to produce more than 6 million TPUs through 2027 and 2028, according to Morgan Stanley, in a signal of potential business for Intel.

Nvidia (NVDA), the global chip leader, hasn’t yet placed orders with Intel but has been testing whether Intel’s technology could be used to manufacture its next series of GPUs, The Information reported. Nvidia is Taiwan Semiconductor’s largest customer, according to statements from CEO Jensen Huang.

Apple (AAPL) will host its annual Worldwide Developers Conference (WWDC) on Monday at its Cupertino, Calif., headquarters. The event, Tim Cook’s last as CEO of the company, will serve as a kind of reboot of Apple’s AI strategy, which has lagged behind competing firms’ efforts to date.

The biggest news out of the show, which runs through June 12, will likely be the debut of Apple’s long-delayed, AI-infused version of Siri.

The digital assistant landed on iPhones with a good deal of fanfare in 2011 but has largely languished over the years. Siri’s deficiencies have become even clearer with the advent of generative AI models, chatbots, and, more recently, AI agents.

Apple initially announced a revamped AI version of its helper in 2024, but ran into issues getting it out the door.

And while Apple has launched its Apple Intelligence platform, which includes features such as writing tools, image editing, and the company’s Visual Intelligence capabilities, it hasn’t been enough to allay investors’ concerns that Apple has fallen troublingly behind in the AI race.

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