Adobe Gives Upbeat Outlook, Though AI Effect Remains Murky

Google DeepMind has announced the opening of its first research lab in the UK focused on discovering new materials, particularly for applications in batteries and semiconductors. This initiative marks a significant step in the company's efforts to leverage artificial intelligence in scientific research.

Oracle Corp. reported a significant increase in credit risk following its latest earnings report, which highlighted a surge in spending on data centers and equipment, raising concerns about the company's ability to profit from its substantial investments in artificial intelligence.

Oracle Corp. shares dropped over 10% in after-hours trading following disappointing cloud sales and a significant increase in spending on AI data centers and equipment, which investors feel is taking too long to yield revenue.

Cisco Systems Inc. has achieved a significant milestone by surpassing its dot-com era stock record for the first time in over 25 years, largely attributed to the surge in artificial intelligence investments. This resurgence reflects a broader trend in the technology sector, where companies are increasingly capitalizing on AI advancements to drive growth.

Burkay Gur, CEO of fal, announced that the company optimizes Nvidia chips for running AI models in audio, video, and image generation during an interview on Bloomberg Tech. This development follows fal's recent fundraising efforts, highlighting its commitment to leveraging advanced technology in generative media.

GE Vernova Inc. has announced a doubling of its dividend and an increase in share buybacks, signaling strong confidence in the future demand for natural gas-fired power generation, driven by advancements in artificial intelligence. This move reflects the company's commitment to rewarding shareholders amid a favorable market outlook.

Australia is set to implement a ban on social media access for individuals under the age of 16, effective December 10, 2025. This initiative aims to enhance online safety for minors amid growing concerns about the risks associated with social media usage. The move has attracted attention from various governments worldwide, including Denmark and Indonesia, who are considering similar measures.

Tiger Global Management is shifting its venture capital strategy back to smaller funds and a more measured investment pace, which the firm claims has historically yielded its best returns.