Oracle Corporation’s stock price has increased by 134% in the last five years, with an 11% rise in the last three months. This positive trend could be attributed to the overall market strength, which has seen a 5.6% increase in the same time frame. The company’s earnings per share (EPS) grew by 6.7% annually over … Read more
Renowned tech billionaire Larry Ellison envisioned a future in medicine that would rely not on guesswork but instead on cutting-edge generative AI technology. His inspiration came from a doctor’s office experience where he received a prescription based on age, sex, ethnicity, and family history, which he considered to be a mere estimation. Ellison shared this … Read more
Oracle Corporation took a significant risk when they acquired Cerner Corporation for 28 billion dollars, aiming to revolutionize healthcare by integrating Cerner’s electronic medical records system with Oracle’s AI models. However, the implementation of Cerner’s system has been associated with patient deaths, posing a serious liability for Oracle. Cerner’s electronic health records (EHR) system, utilized … Read more
Renowned investor Warren Buffett recently disclosed his latest portfolio update for the first quarter of 2024. The update revealed that Berkshire Hathaway’s sales exceeded purchases for the eighth consecutive quarter, indicating a lack of potential investments meeting its criteria. Buffett’s portfolio now consists of 41 stocks worth more than $331 billion, slightly down from the … Read more
Larry Ellison, the founder of Oracle, made a staggering $28 billion bet on revolutionizing healthcare. Despite this massive investment, there are reports of numerous patient deaths in healthcare systems using Oracle’s technology. The question arises – why are so many patients dying despite Ellison’s ambitious efforts? Ellison’s vision was to leverage Oracle’s cutting-edge technology to … Read more
Oracle recently announced the launch of their Exadata 24ai System Software. This new software is designed to enhance the capabilities of Oracle Exadata Database Machines, offering improved performance and efficiency for businesses. The Exadata 24ai System Software boasts advanced capabilities such as automated performance management, enhanced security measures, and improved diagnostic tools for better data … Read more
Applications Software Technology (AST), a leading provider of digital transformation solutions, has announced the acquisition of IT and Oracle services provider Symatrix. This move is part of AST’s global expansion strategy and aims to enhance their core services and reach new markets. AST CEO Justin Winter expressed excitement about the acquisition, stating that Symatrix’s capabilities … Read more
A recent report from DataM Intelligence titled “Diameter Signage Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2031” provides a detailed analysis of the diameter signaling market. The report covers market analysis, regional and competitive analysis, and current developments in the industry. The market for diameter signage has been experiencing significant growth due to … Read more
Oracle’s President Larry Ellison hinted at a potential $10 billion cloud deal with Elon Musk’s xAI startup two months prior to the news reports. The speculation caused a lot of buzz in the media, highlighting the growing importance of AI and cloud technologies in the business world. Ellison’s previous collaborations with Musk, such as serving … Read more
In the first quarter of 2024, institutional investors shifted their attention towards technology stocks, as seen in the WhaleWisdom 13F heat map. The chart highlighted increased interest in stocks like Oracle Corp., Global Payments Inc., and Micron Technology, Inc. leading the pack in the information technology sector. Oracle emerged as the top pick among institutional … Read more