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Tech industry
fromTheregister
1 week ago

Two heads better than one? Oracle tries co-CEO model again

Oracle appointed Clay Magouyrk and Mike Sicilia as co-CEOs while Safra Catz becomes executive vice chair as the company intensifies focus on AI and cloud amid layoffs.
fromAol
1 month ago

Baidu quarterly revenue falls as weak ads offset cloud growth

Hit by a property market downturn, weak employment rates and choppy consumer demand, companies in China, the world's second-largest economy, have reined in advertising spending to cut costs and protect their margins. The squeeze has spilled over into Baidu, which relies heavily on advertising in its search engine. Its core online advertising business, which typically makes up 60% of overall company revenue, saw revenue decrease 15% to 16.2 billion yuan during the April-June quarter.
Artificial intelligence
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