AI labs are racing to build data centers as large as Manhattan, each costing billions of dollars and consuming as much energy as a small city. The effort is driven by a deep belief in "scaling" - the idea that adding more computing power to existing AI training methods will eventually yield superintelligent systems capable of performing all kinds of tasks.
( OracleNYSE:ORCL) ignited the stock market after dropping its fiscal first-quarter 2026 earnings and sent its own stock soaring 40% higher in morning trading. Although the tech giant delivered mixed results - beating analyst top-line estimates, but falling short on the bottom - investors zeroed in on Oracle's blockbuster outlook.