Oracle shares slumped 15.6% on Thursday, dragging other technology stocks, as concerns mounted about the company's massive AI spending and the lack of a clear timeline on returns from the investments.

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Technology Roundup

Technology Roundup

 

Oracle shares tumble as gloomy forecasts, higher capex reignite AI bubble concerns 

 

Australian leader defends social media ban as teens flaunt workarounds 

 

NAACP pressing for ‘equity-first’ AI standards in medicine  

 

AI bubble? Opinions divided on tech's trillion dollar question 

 

China's ZTE may pay over $1 billion to the US over foreign bribery allegations, sources say 

 

Disney to invest $1 billion in OpenAI, license characters for Sora video tool 

 

J.P. Morgan harnesses blockchain for debt issuance amid digital asset adoption boost 

 

Microsoft fights $2.8 billion UK lawsuit over cloud computing licences 

 

AI software startup Harness valued at $5.5 billion in latest financing round 

 

Amazon plans new one-hour pickup service in stores, Business Insider reports 

 

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