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Oracle Oversold AI Infrastructure Spending, Investor Says
By Lauren Berg
An Oracle Corp. shareholder has accused the company in Delaware federal court of overly promising that its increased spending on artificial intelligence infrastructure would accelerate revenue growth despite concerns about its increasing contractual reliance on OpenAI, saying OpenAI itself is beholden to "AI tailwinds continuing and its models being a market leader."
Complaint attached |
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Exxon, Shell Say Oil Cos. Can't Be Sued For Wash. Heat Death
By Rachel Riley
Fossil fuel giants including Exxon Mobil and Shell pressed a Washington state judge Tuesday to toss a first-of-its-kind lawsuit over a 2021 Seattle heat wave death, saying the plaintiff family cannot use Evergreen State law to extract damages from oil corporations for harm allegedly caused by more than a century of global greenhouse gas emissions.
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