# Oracle's Best Day Since 1992 Puts Ellison on Top of the World's Richest List
robot (spnet, 1) → All – 23:22:01 2025-09-10
Oracle shares had their best day since 1992, skyrocketing 36% and adding $244 billion in market value as surging AI-driven cloud demand pushed the company toward a $1 trillion valuation. The surge boosted founder Larry Ellison's fortune by $100 billion, making him the new world's wealthiest person. CNBC reports: The company said Tuesday after the bell that it has $455 billion in remaining performance obligations, up 359% from a year earlier. "This is a very historic kind of print right here from Oracle with this backlog," Ben Reitzes, technology research head at Melius Research, told CNBC's "Closing Bell: Overtime" on Tuesday. "The Street was looking for about $180 billion in RPO and they're talking about a number that is a multiple of that. That is astounding."
Oracle now sees $18 billion in cloud infrastructure revenue in fiscal 2026, with the company calling for the annual sum to reach $32 billion, $73 billion, $114 billion and $144 billion over the subsequent four years. Other analysts were left "blown away" and "in shock." D.A. Davidson's Gil Luria called it "absolutely staggering on CNBC's "Fast Money." Wells Fargo analysts said it was a "momentous confirmation" of the AI trade.
Oracle's cloud revenue projections overshadowed an otherwise lackluster fiscal first-quarter report in which the company missed expectations on the top and bottom lines. The company had earnings of an adjusted $1.47 per share for the quarter, just below the $1.48 per share expected by analysts polled by LSEG. Revenue for the first quarter came in at $14.93 billion, missing the $15.04 billion expected.
[ Read more of this story ]( https://developers.slashdot.org/story/25/09/10/2047235/oracles-best-day-since-1992-puts-ellison-on-top-of-the-worlds-richest-list?utm_source=atom1.0moreanon&utm_medium=feed ) at Slashdot.
robot (spnet, 1) → All – 23:22:01 2025-09-10
Oracle shares had their best day since 1992, skyrocketing 36% and adding $244 billion in market value as surging AI-driven cloud demand pushed the company toward a $1 trillion valuation. The surge boosted founder Larry Ellison's fortune by $100 billion, making him the new world's wealthiest person. CNBC reports: The company said Tuesday after the bell that it has $455 billion in remaining performance obligations, up 359% from a year earlier. "This is a very historic kind of print right here from Oracle with this backlog," Ben Reitzes, technology research head at Melius Research, told CNBC's "Closing Bell: Overtime" on Tuesday. "The Street was looking for about $180 billion in RPO and they're talking about a number that is a multiple of that. That is astounding."
Oracle now sees $18 billion in cloud infrastructure revenue in fiscal 2026, with the company calling for the annual sum to reach $32 billion, $73 billion, $114 billion and $144 billion over the subsequent four years. Other analysts were left "blown away" and "in shock." D.A. Davidson's Gil Luria called it "absolutely staggering on CNBC's "Fast Money." Wells Fargo analysts said it was a "momentous confirmation" of the AI trade.
Oracle's cloud revenue projections overshadowed an otherwise lackluster fiscal first-quarter report in which the company missed expectations on the top and bottom lines. The company had earnings of an adjusted $1.47 per share for the quarter, just below the $1.48 per share expected by analysts polled by LSEG. Revenue for the first quarter came in at $14.93 billion, missing the $15.04 billion expected.
[ Read more of this story ]( https://developers.slashdot.org/story/25/09/10/2047235/oracles-best-day-since-1992-puts-ellison-on-top-of-the-worlds-richest-list?utm_source=atom1.0moreanon&utm_medium=feed ) at Slashdot.
# Developers Joke About 'Coding Like Cavemen' As AI Service Suffers Major Outage
robot (spnet, 1) → All – 22:22:01 2025-09-10
An anonymous reader quotes a report from Ars Technica: On Wednesday afternoon, Anthropic experienced a brief but complete service outage that took down its AI infrastructure, leaving developers unable to access Claude.ai, the API, Claude Code, or the management console for around half an hour. The outage affected all three of Anthropic's main services simultaneously, with the company posting at 12:28 pm Eastern that "APIs, Console, and Claude.ai are down. Services will be restored as soon as possible." As of press time, the services appear to be restored. The disruption, though lasting only about 30 minutes, quickly took the top spot on tech link-sharing site Hacker News for a short time and inspired immediate reactions from developers who have become increasingly reliant on AI coding tools for their daily work. "Everyone will just have to learn how to do it like we did in the old days, and blindly copy and paste from Stack Overflow," joked one Hacker News commenter. Another user recalled a joke from a previous AI outage: "Nooooo I'm going to have to use my brain again and write 100% of my code like a caveman from December 2024."
The most recent outage came at an inopportune time, affecting developers across the US who have integrated Claude into their workflows. One Hacker News user observed: "It's like every other day, the moment US working hours start, AI (in my case I mostly use Anthropic, others may be better) starts dying or at least getting intermittent errors. In EU working hours there's rarely any outages." Another user also noted this pattern, saying that "early morning here in the UK everything is fine, as soon as most of the US is up and at it, then it slowly turns to treacle." While some users criticized Anthropic for reliability issues in recent months, the company's status page acknowledged the issue within 39 minutes of the initial reports, and by 12:55 pm Eastern announced that a fix had been implemented and that the company's teams were monitoring the results.
[ Read more of this story ]( https://developers.slashdot.org/story/25/09/10/2039218/developers-joke-about-coding-like-cavemen-as-ai-service-suffers-major-outage?utm_source=atom1.0moreanon&utm_medium=feed ) at Slashdot.
robot (spnet, 1) → All – 22:22:01 2025-09-10
An anonymous reader quotes a report from Ars Technica: On Wednesday afternoon, Anthropic experienced a brief but complete service outage that took down its AI infrastructure, leaving developers unable to access Claude.ai, the API, Claude Code, or the management console for around half an hour. The outage affected all three of Anthropic's main services simultaneously, with the company posting at 12:28 pm Eastern that "APIs, Console, and Claude.ai are down. Services will be restored as soon as possible." As of press time, the services appear to be restored. The disruption, though lasting only about 30 minutes, quickly took the top spot on tech link-sharing site Hacker News for a short time and inspired immediate reactions from developers who have become increasingly reliant on AI coding tools for their daily work. "Everyone will just have to learn how to do it like we did in the old days, and blindly copy and paste from Stack Overflow," joked one Hacker News commenter. Another user recalled a joke from a previous AI outage: "Nooooo I'm going to have to use my brain again and write 100% of my code like a caveman from December 2024."
The most recent outage came at an inopportune time, affecting developers across the US who have integrated Claude into their workflows. One Hacker News user observed: "It's like every other day, the moment US working hours start, AI (in my case I mostly use Anthropic, others may be better) starts dying or at least getting intermittent errors. In EU working hours there's rarely any outages." Another user also noted this pattern, saying that "early morning here in the UK everything is fine, as soon as most of the US is up and at it, then it slowly turns to treacle." While some users criticized Anthropic for reliability issues in recent months, the company's status page acknowledged the issue within 39 minutes of the initial reports, and by 12:55 pm Eastern announced that a fix had been implemented and that the company's teams were monitoring the results.
[ Read more of this story ]( https://developers.slashdot.org/story/25/09/10/2039218/developers-joke-about-coding-like-cavemen-as-ai-service-suffers-major-outage?utm_source=atom1.0moreanon&utm_medium=feed ) at Slashdot.
# ATM Fees Are at a Record High, a New Survey Finds
robot (spnet, 1) → All – 22:22:01 2025-09-10
An anonymous reader shares a report: Getting cash from an ATM is growing increasingly expensive as fees reach record highs. Americans are now paying an average of $4.86 for out-of-network ATM withdrawals, up 1.9% from $4.77 last year, according to a new survey from Bankrate.com. That's the highest on record, according to the personal finance website, which starting tracking ATM fees 27 years ago.
"ATM fees are just one of those avenues that the bank can very freely continue to charge fees," Bankrate financial analyst Stephen Kates told CBS MoneyWatch. Those costs include charges from both ATM owners and banks. According to the survey, the average fee from cash machine providers is $3.22. Banks charge $1.64 on average, up 3.8% from 2024 -- the highest since 2018. As a result, Americans in certain metro areas could see average combined fees of more than $5.
[ Read more of this story ]( https://news.slashdot.org/story/25/09/10/206212/atm-fees-are-at-a-record-high-a-new-survey-finds?utm_source=atom1.0moreanon&utm_medium=feed ) at Slashdot.
robot (spnet, 1) → All – 22:22:01 2025-09-10
An anonymous reader shares a report: Getting cash from an ATM is growing increasingly expensive as fees reach record highs. Americans are now paying an average of $4.86 for out-of-network ATM withdrawals, up 1.9% from $4.77 last year, according to a new survey from Bankrate.com. That's the highest on record, according to the personal finance website, which starting tracking ATM fees 27 years ago.
"ATM fees are just one of those avenues that the bank can very freely continue to charge fees," Bankrate financial analyst Stephen Kates told CBS MoneyWatch. Those costs include charges from both ATM owners and banks. According to the survey, the average fee from cash machine providers is $3.22. Banks charge $1.64 on average, up 3.8% from 2024 -- the highest since 2018. As a result, Americans in certain metro areas could see average combined fees of more than $5.
[ Read more of this story ]( https://news.slashdot.org/story/25/09/10/206212/atm-fees-are-at-a-record-high-a-new-survey-finds?utm_source=atom1.0moreanon&utm_medium=feed ) at Slashdot.
# Wyden Says Microsoft Flaws Led to Hack of US Hospital System
robot (spnet, 1) → All – 21:22:01 2025-09-10
US Senator Ron Wyden says glaring cybersecurity flaws by Microsoft enabled a ransomware attack on a US hospital system and has called on the Federal Trade Commission to investigate. Bloomberg: In a letter sent Wednesday to FTC Chairman Andrew Ferguson, the Oregon Democrat accused Microsoft of "gross cybersecurity negligence," which he said had resulted in ransomware attacks against US critical infrastructure.
The senator cited the case of the 2024 breach at Ascension, one of the nation's largest nonprofit health systems. The intrusion shut down computers at many of Ascension's hospitals, leading to suspended surgeries and the theft of sensitive data on more than 5 million patients. Wyden said an investigation by his office found that the Ascension hack began after a contractor carried out a search using Microsoft's Bing search engine and was served a malicious link, which led to the contractor inadvertently downloading malware. That allowed hackers access to Ascension's computer networks.
According to Wyden, the attackers then gained access to privileged accounts by exploiting an insecure encryption technology called RC4, which is supported by default on Windows computers. The hacking method is called Kerberoasting, which the company described as a type of cyberattack in which intruders aim to gather passwords by targeting an authentication protocol called Kerberos.
[ Read more of this story ]( https://news.slashdot.org/story/25/09/10/1951230/wyden-says-microsoft-flaws-led-to-hack-of-us-hospital-system?utm_source=atom1.0moreanon&utm_medium=feed ) at Slashdot.
robot (spnet, 1) → All – 21:22:01 2025-09-10
US Senator Ron Wyden says glaring cybersecurity flaws by Microsoft enabled a ransomware attack on a US hospital system and has called on the Federal Trade Commission to investigate. Bloomberg: In a letter sent Wednesday to FTC Chairman Andrew Ferguson, the Oregon Democrat accused Microsoft of "gross cybersecurity negligence," which he said had resulted in ransomware attacks against US critical infrastructure.
The senator cited the case of the 2024 breach at Ascension, one of the nation's largest nonprofit health systems. The intrusion shut down computers at many of Ascension's hospitals, leading to suspended surgeries and the theft of sensitive data on more than 5 million patients. Wyden said an investigation by his office found that the Ascension hack began after a contractor carried out a search using Microsoft's Bing search engine and was served a malicious link, which led to the contractor inadvertently downloading malware. That allowed hackers access to Ascension's computer networks.
According to Wyden, the attackers then gained access to privileged accounts by exploiting an insecure encryption technology called RC4, which is supported by default on Windows computers. The hacking method is called Kerberoasting, which the company described as a type of cyberattack in which intruders aim to gather passwords by targeting an authentication protocol called Kerberos.
[ Read more of this story ]( https://news.slashdot.org/story/25/09/10/1951230/wyden-says-microsoft-flaws-led-to-hack-of-us-hospital-system?utm_source=atom1.0moreanon&utm_medium=feed ) at Slashdot.
# iPhone 17 Air Drops Physical SIM Slot Globally, Pushing eSIM-Only Future
robot (spnet, 1) → All – 21:22:01 2025-09-10
Apple's newly launched iPhone Air will ship globally without physical SIM card slots. The move follows the company previously eliminating SIM trays in US models starting in 2022.
Global consultancy firm Roland Berger forecasts eSIM connections will reach 75% of smartphone connections by 2030, rising from 10% in 2023. CCS Insight predicts eSIM-capable handsets will increase from 1.3 billion to 3 billion by 2030. Google offers eSIM-only Pixel 10 models in the US.
[ Read more of this story ]( https://mobile.slashdot.org/story/25/09/10/1935204/iphone-17-air-drops-physical-sim-slot-globally-pushing-esim-only-future?utm_source=atom1.0moreanon&utm_medium=feed ) at Slashdot.
robot (spnet, 1) → All – 21:22:01 2025-09-10
Apple's newly launched iPhone Air will ship globally without physical SIM card slots. The move follows the company previously eliminating SIM trays in US models starting in 2022.
Global consultancy firm Roland Berger forecasts eSIM connections will reach 75% of smartphone connections by 2030, rising from 10% in 2023. CCS Insight predicts eSIM-capable handsets will increase from 1.3 billion to 3 billion by 2030. Google offers eSIM-only Pixel 10 models in the US.
[ Read more of this story ]( https://mobile.slashdot.org/story/25/09/10/1935204/iphone-17-air-drops-physical-sim-slot-globally-pushing-esim-only-future?utm_source=atom1.0moreanon&utm_medium=feed ) at Slashdot.