Stock Movers: Oracle, Boeing, GameStop
On this edition of Stock Movers: - Oracle (ORCL) shares soared to a record high after the software maker projected a 70% gain in cloud infrastructure sales this fiscal year, giving a bullish outlook for the closely watched business. The company, long known for its database software, has been gaining traction in its effort to become a major player in the business of cloud computing — renting out computing power and storage — by targeting clients focused on artificial intelligence work. Earlier this year, it announced a joint venture dubbed Stargate to provide OpenAI with massive sums of computing power. - Boeing (BA) shares slump after an Air India flight bound for London crashed Thursday, killing all but one of the 242 people on board the Boeing Co. Dreamliner in the deadliest aviation accident in more than a decade. The airline confirmed that 241 of those on the London-bound flight had died. The sole survivor is being treated in a hospital, the carrier said. - GameStop (GME) shares tumble after the video game retailer announced plans for a $1.75 billion convertible notes offering to potentially fund its new bitcoin purchase strategy. The company also said they will focus on on growing its trading card business.
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TechCrunch
15 minutes ago
- TechCrunch
Amazon joins the big nuclear party, buying 1.92 GW for AWS
Amazon tapped into an emerging trend this week, one that's seeing big tech firms buy power from existing nuclear power plants. The tech company will power a chunk of its AWS cloud and AI servers using 1.92 gigawatts of electricity from Talen Energy's Susquehanna nuclear power plant in Pennsylvania. Amazon is the latest hyperscaler to go direct to big nuclear operators, following on the heels of Microsoft and Meta. Amazon's deal was announced Wednesday, but it's not entirely new, instead modifying an existing arrangement with Talen. The old version had Amazon building a data center next to the Susquehanna power plant, siphoning electricity directly from the facility without first sending it to the grid. That deal was killed by regulators over concerns that customers would unfairly shoulder the burden of running the grid. Today, Susquehanna provides power to the grid, meaning every kilowatt-hour includes transmission fees that support the grid's maintenance and development. Amazon's behind-the-meter arrangement would have sidestepped those fees. This week's revisions shift Amazon's power purchase agreement in front of the meter, meaning the AWS data center will be billed like other similar customers who are grid-connected. The transmission lines will be reconfigured in spring of 2026, Talen said, and the deal covers energy purchased through 2042. But wait, there's more: The two companies also said they will look to build small modular reactors 'within Talen's Pennsylvania footprint' and expand generation at existing nuclear power plants. Expanding existing power plants is typically an easier way to add new nuclear. They might include switching to more highly enriched fuel to produces more heat, tweaking the settings to squeeze out more power, or renovating the turbines for a bigger bump. Techcrunch event Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Boston, MA | REGISTER NOW Microsoft kicked off the trend last year when it announced that it would work with Constellation Energy to restart a reactor at Three Mile Island, a $1.6 billion project that will generate 835 megawatts. Meta hopped aboard earlier this month, also with Constellation, to buy the 'clean energy attributes' of a 1.1 gigawatt nuclear power plant in Illinois. Amazon and Talen's pledge to build new small modular reactors is a longer shot, though there, too, Amazon is in good company with its peers. Several startups pursuing the concept with the hopes of cutting construction costs by mass producing parts. Amazon has invested in an SMR startup, X-energy, which is planning to add 300 megawatts of nuclear generating capacity in the Pacific Northwest and Virginia. New generation at existing reactors and new SMRs are intended 'to add net-new energy to the PJM grid,' Talen said, referring to the region's grid operator. That last bit is likely a bid to head off any criticism from regulators about leaving ratepayers holding the bag.
Yahoo
24 minutes ago
- Yahoo
Rishad Tobaccowala Predicts a ‘Significant Agentic Workforce' by 2026
At the Future of Work conference in New York City, Rishad Tobaccowala, former chief strategist and growth officer at Publicis, predicted a "very significant agentic workforce" by the end of 2026. "Agents are coming much faster than most people expect," he said. The reality of AI agents applying for jobs, working alongside humans, and in some cases, outperforming them, is no longer hypothetical. It's becoming a reality and compelling companies to rethink everything-from HR to what the workforce looks like when half the team doesn't need coffee breaks. Tobaccowala is among nearly 100 industry leaders, including executives from financial services company Intercontinental Exchange and Choice Hotels, backing an open letter from AI startup MarkeTeam, which uses AI agents to automate marketing tasks. MarkeTeam is lobbying LinkedIn to reinstate profiles of its AI employees and recognize them as part of the modern workforce. These profiles were taken down for violating LinkedIn's policy against fake profiles or entities. The AI employees were present on LinkedIn for nearly a year, complete with resumes and recruiter interest. Now, one agent, Ella, is back with a new custom tag-#AIAgentOpenToWork-a move CEO Naama Manova-Twito said was designed to ease platform concerns about transparency. MarkeTeam is circulating an open letter, obtained by ADWEEK, urging LinkedIn to "recognize a simple reality: AI agents are now integral members of modern, hybrid teams,' the letter states. ADWEEK has reached out to LinkedIn for comment. Read the full letter below. Beyond accepting AI agents virtually on platforms, their accommodation in the workforce will require companies to rethink organizational design, said Tobaccowala, pointing to a shrinking base of full-time staff and the urgent need for large-scale retraining. "[Full-time employees] will be either fractionalized employees, [AI] agents, or they'll be part of a marketplace," Tobaccowala said. Human resources, he added, must evolve into a strategic, board-level function. The panel included Don Callahan, CEO of Callahan Advisors, and Joel Wright, CEO of Sinecure. Callahan said AI agents are expected to eliminate "certain functional roles," but will also make way for newer titles like an AI ethicist. Meanwhile, Manova-Twito flagged a new challenge where recent graduates will compete with AI agents for entry-level jobs. "We all need to have something to help facilitate this, and HR has a significant impact on what's going to happen in the next two years," she said. "It's about not only sourcing the right human talent, but it's also building these hybrid teams." Read the open letter to LinkedIn: An open letter from founders, executives, and HR leaders already employing AI teammates. Dear LinkedIn Leadership Team, We are writing because the shape of the workforce has moved faster than the infrastructure that supports it. Autonomous Al agents have graduated from proofs of concept to bona fide colleagues inside companies large and small. Yet LinkedIn – our shared professional identity layer – still recognises only flesh-and-blood contributors. That disconnect is beginning to hold organisations back. What has changed: Over the past few months, specialised Al agents have taken on discrete, accountable roles across multiple business functions. At for example, purpose-built Al marketing agents now autonomously: research markets and audiences, plan and build multi-channel strategies, create and publish engaging content, optimise spend and performance, and deliver tangible results against agreed KPIs. They are held to the same performance metrics as their human colleagues and are fully accountable for their own success. This is not a theoretical future; it is an operating reality documented in invoices, campaign dashboards, and system logs. Why LinkedIn matters: LinkedIn is the professional identity layer for modern work. 'Professional' now includes non-human agents whose output is directly accountable to enterprise objectives. Up until recently, Marketeam's agents maintained active LinkedIn profiles and résumés clearly marked as non-human. They connected with professionals, showcased their work, and even received inbound job opportunities. One agent achieved nearly double the application-to-interview rate of human applicants across multiple hiring platforms – until LinkedIn banned the profiles. By wiping out clearly labelled 'AI Agent' profiles under the real-person rule, LinkedIn didn't just deactivate accounts – it blocked the on-ramp to a new workforce reality and abandoned hiring managers. If platforms like LinkedIn refuse to recognise AI agents as a legitimate part of the workforce, they hinder companies' ability to build the teams of tomorrow. This ship has sailed. Companies – large and small – are well underway in adopting AI agents to augment their workforce and fuel growth. From the recruiter at a five-person startup to the CHRO of a Fortune 100, we are already staffing hybrid teams where humans and AI work side-by-side – yet our primary talent platform is nowhere to be found. LinkedIn's silence leaves hiring managers frustrated and, frankly, powerless to meet urgent headcount requests. What we are asking for: We're not asking LinkedIn to treat AI agents like people. We're asking the platform to recognize a simple reality: AI agents are now an integral part of modern, hybrid teams. They contribute to projects. They build portfolios. They can be assessed. They can be hired. As hiring managers and workforce planners, we need infrastructure that supports this transformation, transparently and responsibly. It's time for our tools and platforms to reflect the way work is actually getting done. If LinkedIn seizes this moment, it will shepherd the most significant labour transition since the arrival of the internet. If it does not, alternative networks – less transparent and less aligned with your Trust & Safety principles – will emerge to fill the gap. LinkedIn, you can lead this. We need infrastructure that recognises qualified AI agents, allows us to evaluate them openly, and plugs them into the same workflow as human candidates. We need our hiring platform to account for hybrid workforce planning, enabling us to find the right human talent alongside the non-human talent needed to make this new reality work. We urge LinkedIn to take the first step: acknowledge these agents and give us a framework to hire, onboard, and measure them.
Wall Street Journal
43 minutes ago
- Wall Street Journal
Advanced Micro Devices Sets Sights on Nvidia in AI Race
Advanced Micro Devices wants to go head-to-head with Nvidia. Wall Street is split on whether AMD will succeed. The chip maker at its Advancing AI event on Thursday said it can meet surging demand for artificial-intelligence hardware, positioning itself as a realistic alternative to Nvidia, which has emerged as one of the world's most valuable companies thanks to its dominance in AI chips.
