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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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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. Moonstone Bank’s reputation as well.”

Banking 107
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5 ways to maximize your cloud investment

CIO Business Intelligence

Be strategic with reserve pricing Reserve pricing for cloud services can reduce resource usage costs by as much as 70%, says David McKee, who in his role as fractional CTO, tech founder, and digital twins thought leader at Counterpoint Technologies acts as a part-time CTO for nine companies in the US and Europe.

Cloud 124
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11 ways to reduce your IT costs now

CIO Business Intelligence

But as digital transformation efforts have intensified in recent years, CIOs have had fewer opportunities to pause and reevaluate IT’s financial situation. Keeping a tight rein on the budget allows the company to have flexibility in making strategic decisions when needed for a new platform, project, or taking on growth.”

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CIOs sharpen cloud cost strategies — just as gen AI spikes loom

CIO Business Intelligence

After being in cloud and leveraging it better, we are able to manage compute and storage better ourselves,” said the CIO, who notes that vendors are not cutting costs on licenses or capacity but are offering more guidance and tools. I strike this language from all my contracts.”

Strategy 140
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Tableau CEO Adam Selipsky will return to Amazon Web Services as CEO, replacing Andy Jassy

GeekWire

AWS has grown into a $45 billion business and a market leader that helps boost Amazon’s profits and allows the company to invest heavily in other areas. Seattle angel investor and cloud technology guru Charles Fitzgerald said the hire makes a lot of sense. Selipsky oversaw the company’s acquisition by Salesforce for $15.7

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Regulatory uncertainty overshadows gen AI despite pace of adoption

CIO Business Intelligence

It can also expose companies to future legislation. These complaints, filed by a variety of different copyright holders, allege the companies of training their AIs on copyrighted data—images, code, and text. In July, for example, New York City started enforcing new rules about the use of AI in hiring decisions.