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Oracle names new CFO as thousands of layoffs reported at tech giant

Oracle on Monday announced it hired a new chief financial officer after the software giant moved forward with layoffs last week. The company announced that Hilary Maxson will serve as the new CFO, joining Oracle from French industrial conglomerate Schneider Electric where she served in the same role. Oracle said her appointment to the rule is effective immediately.Maxson, 48, will receive an annual base salary of $950,000 and will be eligible for a performance-based bonus…

Business

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China could target US homeland if Iran conflict escalates, expert warns

Unidentified, sophisticated drones flying over a handful of U.S. military bases could be a warning sign from China, Gordon Chang warned Monday, suggesting Beijing could target the American homeland if the U.S. becomes more involved in its conflict with Iran. “The important point here is that we have had, last…

Markets

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OpenAI’s ambitions are easy to see. So are the doubts about its CEO.

AI could usher in an amazing new age for humanity. Loading audio narration… There may also be some potential downsides. As one company put it:”Jobs and entire industries being disrupted; bad actors misusing the technology; misaligned systems evading human control; governments or institutions deploying AI in ways that undermine democratic…

Investing

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