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Business intelligence
fromTechzine Global
1 day ago

Quarterly figures from SaaS players contradict AI doubts

Major SaaS companies like Salesforce and Workday report strong quarterly results, but investor concerns about AI's impact on subscription demand continue to pressure stock valuations despite recent modest recoveries.
fromBusiness Insider
3 weeks ago

Oracle's Larry Ellison is down $49B this year after rout in software stocks

Oracle's cofounder and tech chief was worth $199 billion at Wednesday's close, down from $247 billion at the start of January, per the Bloomberg Billionaires Index. A 5% slump in Oracle stock on Wednesday erased about $9 billion from his fortune. Investors have been offloading software stocks following Anthropic's release last week of plugins for its Claude Cowork AI agent, designed to automate legal, sales, finance, marketing, and data analysis tasks for corporations.
Artificial intelligence
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