Oracle announces departure of two oldest directors, narrowing board to 12

Oracle announces departure of two oldest directors, narrowing board to 12

George Conrades, then chairman and CEO of Akamai Technologies, listens during a meeting of the National Infrastructure Advisory Council in Washington on April 13, 2004. Jay Mallin | Bloomberg | Getty Images Oracle said Friday that two longtime directors, both octogenarians, have resigned from the board. George Conrades, former CEO of content network distribution company … Read more

Oracle shares on pace for worst quarter since 2001 as new CEOs face concerns about AI buildout

Oracle shares on pace for worst quarter since 2001 as new CEOs face concerns about AI buildout

Oracle CEO Clay Magouyrk speaks at a Q&A session following a tour of the OpenAI data center in Abilene, Texas, on Sept. 23, 2025. Shelby Tauber | Pool | Reuters Three months ago Oracle named Clay Magouyrk and Mike Sicilia as its new CEOs. They’re off to a rough start. Oracle shares have plummeted 30% … Read more

TikTok signs agreement to create new U.S. joint venture, memo says

TikTok signs agreement to create new U.S. joint venture, memo says

Samuel Boivin | Nurphoto | Getty Images TikTok CEO Shou Zi Chew told employees on Thursday that the company’s U.S. operations will be housed in a new joint venture. The entity is named TikTok USDS Joint Venture LLC, according to a memo sent by Chew and obtained by CNBC. As part of the joint venture, … Read more

Goldman Sachs leads investment in software delivery startup Harness at $5.5 billion valuation

Goldman Sachs leads investment in software delivery startup Harness at .5 billion valuation

Jyoti Bansal, co-founder and CEO of Harness, speaks at the company’s Unscripted conference in London on Sept. 25, 2025. Harness Almost nine years ago, Jyoti Bansal sold AppDynamics to Cisco for $3.7 billion just as the software startup was set to go public. Bansal’s latest venture, Harness, is now worth substantially more than that, after … Read more

Salesforce shares pop 5%, continuing post-earnings rally and pushing stock to best week since 2023

Salesforce shares pop 5%, continuing post-earnings rally and pushing stock to best week since 2023

Sheldon Cooper | Lightrocket | Getty Images Salesforce shares popped 5% on Friday, extending a rally that began after the company’s better-than-expected earnings report earlier in the week. The stock climbed 13% over the past five days, its best weekly performance since December 2023. The company reported adjusted earnings per share of $3.25, topping Wall … Read more

Microsoft will raise prices of commercial Office subscriptions in July

Microsoft will raise prices of commercial Office subscriptions in July

A general view of the Microsoft office building is seen in Cologne, Germany, on November 18, 2025. Nurphoto | Nurphoto | Getty Images Microsoft said Thursday that it will increase the prices of Office productivity software subscriptions for commercial and government clients on July 1. The company’s Office applications, which include Word, Excel, PowerPoint and … Read more

Why rural Wisconsin is blocking the AI data center boom: ‘Horses are skittish’

Why rural Wisconsin is blocking the AI data center boom: ‘Horses are skittish’

A sign opposing a zoning change for a Microsoft data center appears in Caledonia, Wisconsin, on Sept. 19, 2025. Jordan Novet | CNBC The village of Caledonia, Wisconsin, sandwiched between Chicago and Milwaukee along Lake Michigan, is dotted with corn and soybean fields, single-story homes and traffic signs alerting drivers to horseback riders. In September, … Read more

Microsoft faces uphill climb to turn enterprise dominance into widespread AI chatbot adoption

Microsoft faces uphill climb to turn enterprise dominance into widespread AI chatbot adoption

Microsoft CEO Satya Nadella speaks at Microsoft Build AI Day in Jakarta, Indonesia, on April 30, 2024. Adek Berry | AFP | Getty Images On Microsoft’s earnings call last month, CEO Satya Nadella boasted about the company’s artificial intelligence products, and said over 150 million people are using its Copilot assistant for productivity, cybersecurity, coding … Read more