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Oracle touts AI as major driver of Q3 gains

CIO Business Intelligence

Oracle’s latest financial report boasts substantial increases in revenue, net income, and earnings per share, largely thanks to cloud sales, which the company was quick to credit to the rise of AI. Despite the fact that we are opening new and expanding existing cloud data centers very, very rapidly.”

Oracle 98
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Tech Moves: Top Blue Origin engineer joins SpaceX; Axon hires HTC Vive exec; Porch adds to board

GeekWire

Law enforcement technology company Axon added former HTC Vive exec Chris Chin as vice president of immersive tech. The company says its mission is to help de-escalate police use of force by providing transparency, technologies and tools that can replace deadly weapons. billion contract to return astronauts to the moon.

CTO Hire 133
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SAP offers faster updates, longer maintenance for S/4HANA in private clouds

CIO Business Intelligence

The good news for SAP is that many of the customers adopting its cloud-based S/4HANA offering are net-new, meaning more market share. Customers who subsequently become dissatisfied with Rise will need to buy back their perpetual license if they want to stay on SAP’s platform.

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11 ways to reduce your IT costs now

CIO Business Intelligence

“Some organizations have been innovating, transforming, and growing so fast that they haven’t had time to clear up older cost structures that start getting in the way,” says Stewart Buchanan, research vice president on Gartner’s CIO team. Consumption-based contracts are self-optimizing,” says Gartner’s Buchanan.

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Bank downplays ties to FTX sister company in latest fallout from crypto exchange failure

GeekWire

Moonstone Bank , formerly known as Farmington State Bank, said in a statement that FTX founder Sam Bankman-Fried’s Alameda Research trading firm has less than a 10% stake in its parent company, with no board seats and no direct involvement in management. The New York Times reported Nov. out of 4,800, The New York Times reported.

Banking 97
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- A Peek at the National Broadband Plan

Chief Seattle Greek Blog

As a CTO, I’m so immersed in technology that I’m not sure “broadband” means anything to the average American (if an “average” American exists). A significant fraction of people know about broadband and what it means. Admiral Barnett heads the Homeland Security and Public Safety Bureau at the FCC.