Enterprise

• Oracle's lease commitments jump by almost 150% as company builds out to meet AI demand - Oracle's lease commitments now total $248 billion, with $10 billion tied to cloud capacity.
• Oracle's stock slides 7% on revenue miss even as AI backlog soars - Oracle flagged new business from Meta and Nvidia in reporting a 438% increase in remaining performance obligations.
• OpenAI hires Slack CEO Denise Dresser to lead global revenue strategy - Dresser was named Slack's chief executive in 2023 after spending more than a decade at Salesforce.
• IBM acquiring Confluent in $11 billion all-cash deal - IBM will pay $31 per share in cash for all of the issued and outstanding common shares of the Confluent.
• Salesforce beats on earnings, issues better-than-expected revenue forecast - Salesforce said its Agentforce artificial intelligence business is generating over $500 million in annualized revenue.
• Microsoft stock sinks on report AI product sales are missing growth goals - Microsoft stock sank after a report that multiple sales teams for the company's Azure Foundry product missed growth goals in the last fiscal year.
• OpenAI takes stake in Thrive Holdings to help accelerate enterprise AI adoption - OpenAI will embed engineering, research and product teams within Thrive Holding's companies.
• Nvidia takes $2 billion stake in Synopsys with expanded computing power partnership - TechNvidia takes $2 billion stake in Synopsys with expanded computing power partnershipPublished Mon, Dec 1 20258:09 AM ESTUpdated 2 Min AgoAshley Capoot@/in/as