Latest AI News

Oracle missed Q1 fiscal 2026 revenue estimates with $14.9 billion (up 12% YoY), despite strong cloud growth of 28% reaching $7.2 billion. Software revenue declined 1% to $5.7 billion. The company met earnings expectations with non-GAAP EPS of $1.47. Total performance obligations surged 359% to $455 billion, indicating substantial future business. Despite mixed results, Oracle shares have gained 43.1% year-to-date, outpacing the S&P 500. The company continues investing in AI and cloud infrastructure while transitioning from traditional software to cloud offerings.

Apple has unveiled its iPhone 17 series amid global trade tensions and potential tariff impacts. The company maintained its traditional pricing structure for the fifth consecutive year, with entry-level iPhones still priced between $800-$1,200, though the newest Pro model costs $100 more than last year's version. Apple is currently absorbing much of the impact from the Trump administration's 25% tariffs on Chinese-made iPhones rather than passing costs to consumers. Analysts warn that permanent tariff increases could eventually double or triple iPhone prices. The new devices feature camera improvements and innovative recording capabilities. Despite stock volatility, Apple's financial outlook remains stable, partly due to its lucrative Google search engine agreement.

Meta's TBD Lab is a small but elite research unit leading the company's next-generation AI efforts. Operating under the Meta Superintelligence Labs umbrella, it focuses on developing advanced foundation models including Llama updates. The team collaborates closely with FAIR for innovation while exploring multimodal AI architectures. CEO Mark Zuckerberg is personally involved in aggressive talent recruitment, offering substantial compensation packages to attract top AI researchers. This strategic reorganization aims to position Meta more competitively against leading AI companies like OpenAI and Google.

Apple has unveiled the iPhone Air, their thinnest and lightest iPhone ever at just 5.6mm thick. Built with a titanium frame and Ceramic Shield protection, it features a 6.5-inch 120Hz ProMotion display, the A19 Pro chip, dedicated N1 and C1X chips for connectivity, and a 48MP main camera. Despite its slim profile, it offers all-day battery life through hardware efficiency and iOS 26's Adaptive Power features. Starting at $999, it includes Apple Intelligence integration with privacy-focused AI capabilities.