Oracle is one notch above junk after S&P downgrade as AI data-centre spending burns through cash
Oracle was downgraded to BBB- status by S&P on July 9, placing it one notch above junk rating due to a $250 billion data-centre expansion plan consuming cash faster than revenue replaces it. The company now holds $117 billion in outstanding debt, making it the second-largest non-financial debt issuer in the Bloomberg US Corporate Bond Index after Amazon.
Read full story →OpenAI’s Altman Says No IPO in 2026, Firm to Prioritize Safety
OpenAI will not pursue an initial public offering in 2026 because the company is prioritizing safety concerns related to artificial intelligence technology. CEO Sam Altman made this statement in an interview with Fortune.
4 things you can do to protect yourself from the rising threat of AI
AI is increasingly integrated into home appliances, work products, and messaging systems while simultaneously gathering data from user behavior. Traditional cybersecurity threats like stolen passwords and phishing attacks have become more sophisticated, requiring four specific protective habits to reduce digital risk.
Don’t trust AI companies with your content. Verify them instead
Three major music publishers sued Anthropic for allegedly using torrented music and lyrics to train AI models without permission, following a similar January lawsuit from Universal. Anthropic previously settled a 1.5 billion dollar case over pirated books and declined detailed comment on the music allegations.