logo
Presight CEO: AI Era is Here to Stay

Presight CEO: AI Era is Here to Stay

Bloomberg2 days ago
Presight has reported record 1H growth as revenue surpassed AED 1 billion. The Abu Dhabi based AI company also said 2Q revenue and net profit rose, fueled by its acquisition of AIQ, a firm specializing in artificial intelligence solutions for the energy industry. Presight CEO, Thomas Pramotedham spoke to Bloomberg's Lizzy Burden on Horizons Middle East and Africa on their international acquisitions as well as use of AI in oilfields. (Source: Bloomberg)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

IdeaJam Launches 'Historic Mentors' — Real-Time AI Conversations with the Greatest Minds in History
IdeaJam Launches 'Historic Mentors' — Real-Time AI Conversations with the Greatest Minds in History

Yahoo

time13 minutes ago

  • Yahoo

IdeaJam Launches 'Historic Mentors' — Real-Time AI Conversations with the Greatest Minds in History

IdeaJam, 'Earth's Greatest Coaching Platform' allows users to get coaching directly with AI personas based on Abraham Lincoln, Gandhi, Eleanor Roosevelt, and over 250 iconic figures BOSTON, MA , Aug. 14, 2025 (GLOBE NEWSWIRE) -- IdeaJam, the AI-powered coaching and mentoring platform, today announced the launch of Historic Mentors, a groundbreaking feature that enables users to engage in real-time conversations with AI personas based on history's most influential figures. The platform launches with over 250 historical mentors, offering users unprecedented access to the wisdom and guidance of leaders, innovators, and visionaries from across centuries and cultures. Historic mentors Historic Mentors transforms how people access historical wisdom by creating dynamic, interactive conversations with AI personas trained on the curated writings, speeches, and documented thoughts of history's greatest minds. Unlike static quotes or biographical summaries, users can engage in personalized dialogue, asking questions and receiving guidance as if speaking directly with these iconic figures. The platform features an extensive roster of mentors, including Abraham Lincoln, Mahatma Gandhi, Eleanor Roosevelt, Leonardo da Vinci, Sojourner Truth, Babe Ruth, and Marcus Aurelius, among hundreds of others spanning diverse fields from politics and philosophy to science and the arts. The feature delivers several key benefits to users seeking personal and professional development: personalized insight tailored to individual challenges, leadership guidance from history's most effective leaders, moral clarity through philosophical discourse, and seamless integration with IdeaJam's comprehensive coaching platform. Historic Mentors serves multiple target audiences, including individuals seeking personal growth and wisdom, schools integrating interactive historical education, and companies developing leadership programs and corporate training initiatives. Historic Mentors Helping Teams Historic Mentors joins IdeaJam's comprehensive suite of coaching features, including: • Live expert coaches for real-time professional guidance • Personalized Boards of Advisors curated to individual needs • Ideal 100 expert avatars spanning contemporary thought leaders • AI-powered coaching tools for continuous development The Historic Mentors feature is available immediately through IdeaJam's platform, with free trials available for individual users and specialized institutional packages for schools and companies. For more information and to begin conversations with history's greatest minds, visit Quotes from Kevin Sheehan, Founder & CEO of IdeaJam "Imagine sitting across from Frederick Douglass, Jane Austen, or Marcus Aurelius — and being able to ask for guidance in your own words," "We built Historic Mentors to make the world's great wisdom and universal human values available to everyone — not as static quotes, but as living conversations." "Eighty-four percent of CEOs have mentors. Our mission is simple—make that level of support available to everyone, instantly." "With Active Experts, Historic Mentors, and the Ideal 100, we've built an unparalleled Board of Advisors that works for you 24/7—past, present, and purpose-built." "AI should make wisdom more accessible, not replace the human touch. That's why every conversation in IdeaJam can connect you directly to a real coach when you need one." About IdeaJam It's no secret—84% of CEOs have mentors. So why not you? Whether you're launching a business, navigating a career pivot, or seeking clarity in life, having a trusted group of expert voices around you can change everything. That's why we built IdeaJam—to make world-class coaching instant, affordable, and always available. IdeaJam is the leading AI-powered coaching and mentoring platform developed by LeaderJam LLC. The platform combines advanced artificial intelligence with expert human coaching to deliver personalized guidance, leadership development, and strategic insights to individuals, educational institutions, and corporations Contact:Kevin Sheehanksheehan@ Assets: Link - Press Release KitSign in to access your portfolio

Oracle Is Cutting Jobs as AI Costs Surge. How Should You Play ORCL Stock Here?
Oracle Is Cutting Jobs as AI Costs Surge. How Should You Play ORCL Stock Here?

Yahoo

time13 minutes ago

  • Yahoo

Oracle Is Cutting Jobs as AI Costs Surge. How Should You Play ORCL Stock Here?

Oracle (ORCL) is implementing strategic layoffs within its Oracle Cloud Infrastructure (OCI) division as the company reallocates resources to capitalize on the artificial intelligence (AI) boom, joining its fellow tech giants grappling with AI's escalating costs. The job cuts, affecting hundreds of positions primarily in India and the United States, target the Enterprise Engineering division, Fusion ERP teams, and data center operations staff. However, this isn't a retreat from cloud computing as Oracle is simultaneously hiring new talent with AI-specific skills to support its growing focus on machine learning infrastructure. More News from Barchart Why This Cannabis Penny Stock Could Be Wall Street's Next Meme Trade Breakout Apple Stock Is Gaining Momentum, Is AAPL Stock a Buy? Peter Thiel-Backed Bullish Is About to IPO. Should You Buy BLSH Stock? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! The restructuring reflects Oracle's aggressive pursuit of AI market share against Amazon Web Services (AMZN), Microsoft Azure (MSFT), and Google Cloud (GOOGL). Its $30 billion annual agreement with OpenAI demonstrates a commitment to AI infrastructure, requiring massive capital reallocation to build specialized data centers and computing systems. Is Oracle a Good Stock to Buy Right Now? Oracle delivered exceptional fiscal fourth-quarter results that showcased the company's transformation into an AI-powered cloud infrastructure powerhouse, with management providing aggressive growth guidance that defied industry trends. Cloud infrastructure revenue surged 52% to $3 billion, while total cloud revenue jumped 27% to $6.7 billion. More impressively, CEO Safra Catz guided for over 70% cloud infrastructure growth in fiscal 2026, up from 51% in fiscal 2025. Oracle's remaining performance obligations (RPO) now stand at $138 billion, up 41% year-over-year, with over 100% RPO growth expected next year. Oracle's unique position stems from its AI-centric database technology, Oracle 23 AI, which enables enterprises to use AI models on their proprietary data while maintaining security. "We have most of the world's valuable data," declared Chairman Larry Ellison, emphasizing that Oracle is "the key enabler for enterprises to use their own data and AI models." Oracle faces unprecedented demand that "dramatically outstrips supply," forcing it to schedule customers into future delivery slots. Recent contracts include deals where customers requested "all the capacity you have wherever it is," highlighting the astronomical demand environment. The company plans to increase capital expenditures to over $25 billion in fiscal 2026 from $21.2 billion, primarily for revenue-generating data center equipment. Management expects this may be understated given current demand levels. Oracle's database-as-a-service offerings across Microsoft Azure, Google Cloud, and AWS are driving rapid cloud migration. The multi-cloud approach provides customer flexibility while maintaining Oracle's database dominance as enterprises modernize their infrastructure for AI workloads. With total revenue guidance raised to over $67 billion (up 16%) for fiscal 2026 and confidence in exceeding fiscal 2029 targets, Oracle appears well-positioned to capitalize on the AI infrastructure buildout cycle. What is the ORCL Stock Price Target? Analysts tracking ORCL stock forecast revenue to rise from $57.4 billion in fiscal 2025 (which ended in May) to $122 billion in fiscal 2030. Comparatively, adjusted earnings are forecast to expand from $6.03 per share to $14.51 per share in this period. ORCL stock has returned over 350% to shareholders in the last five years. Today, it is priced at 36x forward earnings, above the 10-year average of 17x. Even if priced at 30x earnings, then it should trade around $435 in three years, indicating an upside potential of almost 80%. Out of the 36 analysts covering ORCL stock, 25 recommend 'Strong Buy,' one recommends 'Moderate Buy,' and 10 recommend 'Hold.' The average target price for ORCL stock is $248, marginally above the current price of $244. On the date of publication, Aditya Raghunath did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on

Google Reportedly Working on a Mysterious 'Magic View' for NotebookLM
Google Reportedly Working on a Mysterious 'Magic View' for NotebookLM

CNET

time14 minutes ago

  • CNET

Google Reportedly Working on a Mysterious 'Magic View' for NotebookLM

Google is continually expanding or strengthening the features for NotebookLM, its free AI-powered research assistant. An upcoming feature codenamed Magic View should be landing --eventually -- in the Studio panel, alongside popular features like Audio and Video Overviews. At the moment, there's no clear indication as to what Magic View is or will do when it formally arrives in NotebookLM, but it's clear that Google continues improving what I'd consider its best AI tool available today. A representative for Google did not immediately respond to a request for comment. The leak comes from AI news site, Testing Catalog, which has spotted several upcoming NotebookLM features through feature flag analysis and code review. Although we had been expecting them for some time, Google officially released Video Overviews in late July, bringing a more visual approach to its successful Audio Overview feature that has since expanded into several other products in the tech giant's portfolio. Whatever the actual function of the upcoming Magic View turns out to be, it appears to continue Google's effort to visualize your data sources in one way or another. Remember Lite Brite? A screenshot grabbed by Testing Catalog shows Magic View as a dotted grid with plot points filled in with different colors. If you remember the kids' toy, Lite Brite, it sort of looks like that but with a larger grid. What the plot points represent could be an assortment of potential things, but we'll hold any specific guesses until the picture becomes more clear. It wouldn't at all be surprising if this Magic View is focused around learning or something aimed at students, as this is where NotebookLM shines. Like most features within the Studio panel of NotebookLM, this Magic View will be a feature you can optionally generate and it appears that it'll be nestled under a Notebook Apps dropdown, which is also new. When they arrive, we'd also expect flash cards and interactive quizzes to find a home here, too. There's no date for the release, of course, since nothing has been announced. But don't expect it soon. We would likely have a better idea of its function within the code if it was built out further. Since it's not, the feature is likely in early development. For more, don't miss the 11 things for which you should stop using ChatGPT.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store