Oracle's stock exploded 40% after revealing a $455B AI contract backlog and projections for $144B cloud revenue by 2030. The surge made Larry Ellison briefly the world's richest person—but can the company turn massive bookings into sustainable margins?
Publishers like Reddit and Yahoo launched a new licensing standard to charge AI companies for training data. The Really Simple Licensing protocol lets sites demand payment per crawl or per AI response. No major AI company has agreed to comply yet.
Good Morning from San Francisco, Meta's $72 billion talent splurge hits turbulence. ChatGPT co-creator Shengjia Zhao nearly bailed
Google revealed Ironwood, its seventh-generation AI chip, designed to run AI applications faster and more efficiently. The new processor aims to handle the heavy lifting behind AI chatbots and similar tools.
Each Ironwood chip packs 192GB of memory and can work in massive clusters of up to 9,216 chips. Google says it doubles the performance-per-watt compared to its previous chip, Trillium.
The chip specializes in "inference" - running existing AI models rather than training new ones. This focus matters as companies rush to deploy AI applications at scale.
Google built Ironwood specifically for cloud customers who need to run large language models efficiently. The chip includes a specialized core for recommendation systems and ranking tasks.
The launch highlights Google's push to compete with Nvidia, which dominates the AI chip market. Unlike Nvidia's products, Google's chips are only available through its cloud service.
Google plans to integrate Ironwood into its AI Hypercomputer system later this year, though it hasn't named the manufacturer producing the chips.
Why this matters:
Marcus Schuler
Oracle's stock exploded 40% after revealing a $455B AI contract backlog and projections for $144B cloud revenue by 2030. The surge made Larry Ellison briefly the world's richest person—but can the company turn massive bookings into sustainable margins?
Publishers like Reddit and Yahoo launched a new licensing standard to charge AI companies for training data. The Really Simple Licensing protocol lets sites demand payment per crawl or per AI response. No major AI company has agreed to comply yet.
Meta's $72B AI talent hunt is imploding. ChatGPT co-creator nearly quit within a week, forcing tripled compensation. Elite recruits defecting to rivals while existing employees demand parity. The secretive TBD Lab creates new corporate castes.
Arm challenges the smartphone industry's NPU rush with Lumex, betting CPU-based AI can deliver 5x performance gains across 3 billion devices by 2030. The platform's SME2 instructions target developer frustration with fragmented neural engines.
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