Oracle Surges, Chime’s $11.6B IPO, and Hollywood’s AI War Begins
Oracle shares jumped 8% after smashing earnings expectations and forecasting major cloud growth, thanks in part to rising AI demand and key partnerships. Meanwhile, Chime’s $27 IPO signals a thaw in the fintech freeze, and Disney and Universal have filed Hollywood’s first big copyright lawsuit against an AI company, Midjourney, over IP theft. We also cover Costco’s new early access perk for Executive members and Nintendo’s record-breaking Switch 2 launch, which sold 3.5 million units in just four days.
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