Bloomberg (Bloomberg) — The biggest tech companies are gearing up to spend even more on artificial intelligence than investors had anticipated, and money managers increasingly fear that whatever happens, credit markets will get hit. Microsoft Corp., Read More
Software stocks are witnessing their worst month since the Lehman Brothers collapse. Investors are now reassessing whether traditional business models can withstand the rapid advance of artificial intelligence. The iShares Expanded Tech-Software Sector ETF (NYSE:Read More
A weather-related power outage at an Oracle Corp. (NYSE:ORCL) data center caused technical disruptions for TikTok’s U.S. users days after the app shifted its American operations to new U.S.-led ownership. Read More