Jordan Novet / CNBC: Oracle reports Q2 revenue up 5% YoY to $12.94B, vs. $13.05B est., net income up 44% to $2.5B, and cloud and on-premise revenue down 18% to $1.18B; ORCL drops 8%  —  – Oracle’s revenue came up short in three operating segments.  — The stock tumbled in after-hours trading. Lees verder op Tech Meme

Anna Baydakova / The Block: Filing: FTX asks the IRS to substantiate its unpaid taxes claim against the company; the IRS lowered the amount from $44B in April 2023 to $24B in November 2023  —  – FTX lawyers are asking the IRS to show how it calculated what it says is $24 billion of unpaid taxes. Lees verder op Tech Meme

Saritha Rai / Bloomberg: In his first public appearance since returning to OpenAI, Sam Altman says AI is “going to lift the world up” and companies cannot build AI “safely in a vacuum”  —  – Altman spoke on the ethics of AI and need to push exploration  — ‘You gotta deploy,’ says the chief of ChatGPT creator Lees verder op Tech Meme

Emily Nicolle / Bloomberg: Abu Dhabi is becoming a popular destination for crypto companies, including Phoenix, Paxos, and eToro, as firms seek eager investors and friendlier regulators  —  – Firms cite growing hub and friendly regulators as advantages  — UAE’s crypto industry remains small compared to main hot spots Lees verder op Tech Meme

David Shepardson / Reuters: Gina Raimondo says she plans to make ~12 CHIPS Act grants within the next year, including some worth billions of dollars that could reshape US’ chips production  —  U.S. Commerce Secretary Gina Raimondo said Monday she expects to make around a dozen semiconductor chips funding awards within the next year … Lees verder op Tech Meme

Saritha Rai / Bloomberg: In his first public appearance since returning to OpenAI, Sam Altman says AI is “going to lift the world up”, and you cannot build AI “safely in a vacuum”  —  – Altman spoke on the ethics of AI and need to push exploration  — ‘You gotta deploy,’ says the chief of ChatGPT creator Lees verder op Tech Meme

Jinshan Hong / Bloomberg: Apptopia: shoppers spent ~22 minutes per day on Temu in October, up from 18 minutes in Q2 2023, compared with 10 minutes on Amazon and 11 on AliExpress in Q2  —  – Games and rewards entice shoppers to spend longer on Temu  — Firm has seen explosive growth in US, with sales topping Shein Lees verder op Tech Meme

David Shepardson / Reuters: Gina Raimondo says she plans to make ~12 chips awards within the next year, including some worth multi-billion dollars that could reshape US’ chips production  —  U.S. Commerce Secretary Gina Raimondo said Monday she expects to make around a dozen semiconductor chips funding awards within the next year … Lees verder op Tech Meme