Tag Archives: oracle

PeopleSoft 0-day affecting hundreds of organizations steals gigabytes of data

“While several organizations successfully blocked the activity or remediated the vulnerabilities, others experienced compromise, resulting in stolen data being published on the ShinyHunters DLS,” Mandiant said. (DLS is short for data leak site.) An analysis of a bash script left in the staging environment shows the attackers performed reconnaissance on compromised organizations, including mapping the… Read More: PeopleSoft 0-day affecting hundreds of organizations steals gigabytes of data »

Oracle shares slide on $15B increase in data center spending

Oracle’s Big Tech rivals such as Amazon, Microsoft, and Google have helped reassure investors about their large capital investments by posting strong earnings from their vast cloud units. But in the last quarter, Oracle’s cloud infrastructure business, which includes its data centers, posted worse than expected revenues of $4.1 billion. Ellison’s company is also relying… Read More: Oracle shares slide on $15B increase in data center spending »

Oracle hit hard in Wall Street’s tech sell-off over its huge AI bet

“That is a huge liability and credit risk for Oracle. Your main customer, biggest customer by far, is a venture capital-funded start-up,” said Andrew Chang, a director at S&P Global. OpenAI faces questions about how it plans to meet its commitments to spend $1.4 trillion on AI infrastructure over the next eight years. It has… Read More: Oracle hit hard in Wall Street’s tech sell-off over its… »

OpenAI signs massive AI compute deal with Amazon

On Monday, OpenAI announced it has signed a seven-year, $38 billion deal to buy cloud services from Amazon Web Services to power products like ChatGPT and Sora. It’s the company’s first big computing deal after a fundamental restructuring last week that gave OpenAI more operational and financial freedom from Microsoft. The agreement gives OpenAI access… Read More: OpenAI signs massive AI compute deal with Amazon »

Ars Live recap: Is the AI bubble about to pop? Ed Zitron weighs in.

“It’s not gonna be one Bear Stearns moment,” Zitron explained. “It’s gonna be a succession of events until the markets freak out.” The crux of the problem, according to Zitron, is Nvidia. The chip maker’s stock represents 7 to 8 percent of the S&P 500’s value, and the broader market has become dependent on Nvidia’s… Read More: Ars Live recap: Is the AI bubble about to pop?… »

Why does OpenAI need six giant data centers?

Training next-generation AI models compounds the problem. On top of running existing AI models like those that power ChatGPT, OpenAI is constantly working on new technology in the background. It’s a process that requires thousands of specialized chips running continuously for months. The circular investment question The financial structure of these deals between OpenAI, Oracle,… Read More: Why does OpenAI need six giant data centers? »

AI in Wyoming may soon use more electricity than state’s human residents

Wyoming’s data center boom Cheyenne is no stranger to data centers, having attracted facilities from Microsoft and Meta since 2012 due to its cool climate and energy access. However, the new project pushes the state into uncharted territory. While Wyoming is the nation’s third-biggest net energy supplier, producing 12 times more total energy than it… Read More: AI in Wyoming may soon use more electricity than state’s… »

OpenAI and partners are building a massive AI data center in Texas

Stargate moves forward despite early skepticism When OpenAI announced Stargate in January, critics questioned whether the company could deliver on its ambitious $500 billion funding promise. Trump ally and frequent Altman foe Elon Musk wrote on X that “They don’t actually have the money,” claiming that “SoftBank has well under $10B secured.” Tech writer and… Read More: OpenAI and partners are building a massive AI data center… »

OpenAI signs surprise deal with Google Cloud despite fierce AI rivalry

OpenAI has struck a deal to use Google’s cloud computing infrastructure for AI despite the two companies’ fierce competition in the space, reports Reuters. The agreement, finalized in May after months of negotiations, marks a shift in OpenAI’s strategy to diversify its computing resources beyond Microsoft Azure, which had been its exclusive cloud provider until… Read More: OpenAI signs surprise deal with Google Cloud despite fierce AI… »

Oracle has reportedly suffered 2 separate breaches exposing thousands of customers‘ PII

Trustwave’s Spider Labs, meanwhile, said the sample of LDAP credentials provided by rose87168 “reveals a substantial amount of sensitive IAM data associated with a user within an Oracle Cloud multi-tenant environment. The data includes personally identifiable information (PII) and administrative role assignments, indicating potential high-value access within the enterprise system.” Oracle initially denied any such… Read More: Oracle has reportedly suffered 2 separate breaches exposing thousands of… »