Amazon Reportedly Urges Employees To Use In-House AI Chatbot 'Safer' Than ChatGPT
In September, influenced by the Federal Reserve's interest rate cut and optimistic sentiment about ai, the value of the technology market soared.
Fed rate cuts typically boost future profits and cash flow of high-growth companies. Buoyed by this, the market cap of many technology companies skyrocketed in September, with the continued enthusiasm for ai further driving the market cap growth. Tesla's market cap surged by 22.2% last month, reaching $834.4 billion by the end of September, mainly due to record electric autos sales in China in August, and Tesla's plans to roll out its Full Self-Driving (FSD) advanced driver-assistance software in China and Europe. Oracle's market cap climbed by 21.3% at the end of last month, reaching $472.2 billion.
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Oracle plans to invest over $6.5 billion to build a public cloud region in Malaysia.
USA technology giant Oracle announced on Wednesday that it plans to invest over $6.5 billion to build its first public cloud region in Malaysia, marking the latest significant investment by global technology companies in the Southeast Asian country. Since last year, technology giants including Microsoft, Nvidia, and Google have announced investments in Malaysia, mainly in the cloud computing service and datacenter sectors, joining the infrastructure boom driven by the increasing demand for artificial intelligence (AI). A cloud region is the physical geographical location where a company's public cloud facilities are located. Oracle's project will be one of the largest single technology investments in Malaysia to date, surpassing
