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Oracle touts AI as major driver of Q3 gains

CIO Business Intelligence

Oracle’s latest financial report boasts substantial increases in revenue, net income, and earnings per share, largely thanks to cloud sales, which the company was quick to credit to the rise of AI. Despite the fact that we are opening new and expanding existing cloud data centers very, very rapidly.”

Oracle 98
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5 ways to maximize your cloud investment

CIO Business Intelligence

Be strategic with reserve pricing Reserve pricing for cloud services can reduce resource usage costs by as much as 70%, says David McKee, who in his role as fractional CTO, tech founder, and digital twins thought leader at Counterpoint Technologies acts as a part-time CTO for nine companies in the US and Europe.

Cloud 124
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11 ways to reduce your IT costs now

CIO Business Intelligence

But as digital transformation efforts have intensified in recent years, CIOs have had fewer opportunities to pause and reevaluate IT’s financial situation. Consumption-based contracts are self-optimizing,” says Gartner’s Buchanan. Billing errors, overprovisioning of licenses, and changes in capacity are other things to look for.

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CIOs sharpen cloud cost strategies — just as gen AI spikes loom

CIO Business Intelligence

After being in cloud and leveraging it better, we are able to manage compute and storage better ourselves,” said the CIO, who notes that vendors are not cutting costs on licenses or capacity but are offering more guidance and tools. I strike this language from all my contracts.”

Strategy 140
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Bank downplays ties to FTX sister company in latest fallout from crypto exchange failure

GeekWire

The New York Times reported Nov. million in venture capital funding in March from Alameda, the trading firm whose financial struggles have been cited as a key factor in FTX’s demise. The Times reported that in the third quarter this year, the bank’s deposits grew nearly 600% to $84 million. Morgan Chase.

Banking 105
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10 cloud mistakes that can sink your business

CIO Business Intelligence

In reality, cloud migration is expensive, and not having a full and complete picture of all costs can sink a business,” warns Aref Matin, CTO at publishing firm John Wiley & Sons. They may find there’s software that can have multiple licenses added for more than one team to use across the company,” he notes.

Cloud 130
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The Legal Challenges of the Internet of Things

CTOvision

Data, for example, may be used for one purpose, and then for another down the road, potentially exposing financial or medical information one might not want a particular party to see. You’ll find who owns the data in documents such as end-user license agreements. Lawsuits are sure to increase on these matters over the next few years.

Internet 150