Oracle eyes $20 billion AI cloud computing deal with Meta, source says

At Fortune's Brainstorm Tech event, experts highlighted a significant challenge facing AI development: the tension between data security and innovation. They noted that many AI pilots are getting stalled due to fears surrounding data protection. However, they emphasized that fostering a culture of curiosity within companies can help navigate these concerns and promote safe advancements in technology. This discussion is crucial as it underscores the need for businesses to find a balance that allows them to innovate while ensuring the security of sensitive information.

Oracle is currently in talks with Meta Platforms for a significant cloud computing deal valued at around $20 billion. This multiyear agreement would see Oracle supplying the necessary computing power for Meta to enhance its artificial intelligence capabilities. This partnership is noteworthy as it highlights the growing demand for robust cloud services in the tech industry, especially for companies focused on AI development.

Mary Daly, the President of the Federal Reserve Bank of San Francisco, recently spoke about the slowing job market and the uncertain impact of artificial intelligence on workforce development and economic mobility. This discussion is significant as it highlights the challenges and opportunities that AI presents in shaping the future of work, which affects not only the economy but also the lives of many individuals seeking employment.

In a recent podcast, Meta CEO Mark Zuckerberg echoed concerns previously raised by Sam Altman about the potential for an AI bubble. He highlighted that, based on historical trends in infrastructure development, a collapse in the AI sector is a real possibility. This matters because it signals caution in an industry that has seen rapid growth and investment, prompting stakeholders to reconsider their strategies and expectations.

Alexandr Wang, a 28-year-old billionaire from Meta, believes that the next tech visionary, akin to Bill Gates, could very well be a 13-year-old currently engaged in what he calls 'vibe coding.' This perspective highlights the unique advantages that today's teenagers possess in the rapidly evolving tech landscape, suggesting that their creativity and adaptability could lead to groundbreaking innovations in the future.

Hospitals across the country are embracing an innovative AI-powered therapy robot named Robin, designed to interact like a 7-year-old girl. This charming companion has already made a significant impact, as seen when it remembered a young patient named Luca, bringing a smile to his face. The introduction of such technology is transforming emotional care in healthcare settings, offering comfort and companionship to children during their hospital stays.

Cloudflare's CEO has raised concerns about the potential dangers of AI leaders, like Sam Altman, gaining control over media. He likened this scenario to the historical dominance of powerful families, such as the Medicis in Renaissance Italy, warning that it could lead to a concentration of information control that stifles diverse voices. This matters because it highlights the risks of allowing a few individuals to shape public discourse, which could undermine democracy and informed decision-making.

Markets are reaching record highs as investors are swept up in a wave of 'Fomo' or fear of missing out, particularly driven by the excitement surrounding AI advancements. This surge is being compared to the dotcom boom, but with even more intensity. The implications of this trend are significant, as it reflects growing confidence in technology and innovation, potentially leading to substantial economic growth.

Apple has leveraged artificial intelligence to introduce a groundbreaking blood pressure notification feature in its Watch. This innovation not only enhances the device's health monitoring capabilities but also empowers users to stay informed about their cardiovascular health. As wearable technology continues to evolve, this feature could play a crucial role in preventive healthcare, making it easier for individuals to manage their health proactively.

Rokt is enhancing its partnership with Cinemark by integrating AI technology into the cinema chain's e-commerce payment page. This innovation aims to provide moviegoers with personalized offers, making their transaction experience more relevant and valuable. By leveraging machine learning, Rokt helps Cinemark unlock timely messages that can influence purchasing decisions, ultimately driving more value for both the company and its customers. This development is significant as it showcases how technology can improve customer engagement in the entertainment sector.

William Blair has identified Meta as a long-term leader in artificial intelligence following the recent Connect 2025 event. This recognition highlights Meta's commitment to advancing AI technologies, which could significantly impact various industries and enhance user experiences. As AI continues to evolve, Meta's leadership in this space is crucial for shaping the future of technology and innovation.

Goldman Sachs has raised its price target for Baidu's stock to $154, highlighting the company's significant growth potential in the artificial intelligence sector. This adjustment reflects confidence in Baidu's ability to leverage AI technologies, which could lead to increased market performance and investor interest. As AI continues to shape various industries, Baidu's advancements in this field position it as a key player, making this news particularly relevant for investors and tech enthusiasts alike.

Dunlop A. Sinclair has sold shares of Apellis Pharmaceuticals, amounting to $713,000. This transaction is significant as it reflects Sinclair's investment strategy and could influence market perceptions of Apellis. Investors often watch such sales closely, as they can indicate confidence or concerns about a company's future performance.

Natera's executive chairman has sold shares valued at $9.02 million, a significant transaction that reflects the company's current market position. Such sales can indicate confidence or strategic financial planning, and they often attract attention from investors and analysts alike. Understanding the motivations behind these sales can provide insights into the company's future direction.

Apellis Pharma's director, Dunlop, has sold shares worth $713,561. This transaction is noteworthy as it reflects the director's financial decisions and could influence investor perceptions of the company. Such sales can sometimes raise questions about the company's future prospects, but they are also common in corporate governance.

In a significant move, the executive chairman of Natera has sold $9 million worth of stock, raising concerns among investors about the company's future. Such large sales can often signal a lack of confidence in the company's performance, potentially impacting stock prices and investor sentiment. This development is crucial as it may influence market perceptions and the company's financial stability.

Japan's Prime Minister contender, Koizumi, has pledged to implement wage hikes as a strategy to combat rising inflation. This commitment is significant as it aims to improve the financial well-being of workers and stimulate the economy. By addressing wage growth, Koizumi hopes to alleviate the pressures of inflation on households, making this a crucial issue for voters who are concerned about their purchasing power.

The Phoenix Mercury triumphed over the New York Liberty with a hard-fought 79-73 victory in Game 3 of the WNBA playoffs. This win is significant as it not only showcases the Mercury's resilience but also propels them forward in the playoffs, highlighting their determination to compete for the championship.