Oracle Corporation ( NYSE: ORCL) spent two decades as a database giant before pivoting hard into cloud infrastructure. That shift accelerated dramatically after 2020, when hyperscale AI workloads became the company's defining growth engine. Oracle built modular data centers, signed partnerships with OpenAI and Meta, and positioned itself as the fastest, cheapest option for training large language models. The strategy worked. Cloud services now represent 77% of total revenue and grew 55% year-over-year in the most recent quarter.
Krafton, the company behind games such as PUBG: Battlegrounds and the Sims-like InZOI, is making a big push into using AI within the company. Under this new "AI First" strategy, Krafton plans to use agentic AI to help automate work and implement an "AI-cenetered" management system, according to a translation of a press release. The company also plans to spend more than 100 billion Korean won, a figure that equates to nearly $70 million, to build a GPU cluster.
Elon Musk's artificial intelligence startup xAI is raising more financing than initially planned, tapping backers including Nvidia Corp. to lift its ongoing funding round to $20 billion, according to people with knowledge of the matter. The financing includes equity and debt in a special purpose vehicle that will buy Nvidia processors and rent them to xAI for use in its Colossus 2 project, said the people, who asked not to be identified because the information is private.