Latest AI News

Oracle's stock surged 36% in a day after impressive quarterly results, pushing its market cap past $920 billion. This rally boosted Larry Ellison's net worth to $393 billion, briefly making him the world's richest person. The key catalyst was a $300 billion cloud infrastructure deal with OpenAI, positioning Oracle as a major AI data center provider. Oracle's success is also attributed to its strategic partnership with Nvidia, securing valuable GPUs. CEO Safra Catz's net worth now exceeds $3.4 billion. The company plans to increase its cloud infrastructure revenue from $10.3 billion to $144 billion by 2030, impressing investors despite a slight earnings miss.

Malaysia has imposed strict new regulations requiring export licenses and advance notification for high-performance US-made AI chips passing through the country, responding to concerns about their diversion to China. This move follows US pressure and reports of Chinese companies exploiting regulatory gaps to access restricted technology. The regulations affect Malaysia's growing status as a data center hub, which has attracted over $16.9 billion in tech infrastructure investments. Companies must now comply with the Strategic Trade Permit system, report suspected illegal activities, and face consequences for violations. These changes will impact global AI supply chains and technology investment patterns across Southeast Asia.

OpenAI and Nvidia are preparing to announce a multibillion-dollar investment to build data centers across the UK, in partnership with Nscale Global Holdings. The investment will deploy Nvidia's GB200 processors, with Nscale committing $2.5 billion over three years. This forms part of OpenAI's global Stargate program and aligns with UK Prime Minister Starmer's AI strategy, which includes creating "AI growth zones" with faster approvals. The partnership positions the UK as a central hub in Europe's AI landscape and strengthens US-UK technological diplomacy.

Microsoft and OpenAI have signed a non-binding agreement advancing their partnership and supporting OpenAI's restructuring plans. The preliminary deal requires regulatory approval before becoming official. Both companies committed to developing safe AI tools collaboratively. Under the planned restructuring, OpenAI's nonprofit arm will maintain control over its for-profit entity, with the nonprofit holding a stake valued at over $100 billion.