...or her part time remote manager who remained after the last layoff round. Nothing is showing up in Federal/state WARN notices yet. However, WARN does not cover remote, dispersed employees nor offshore employees. There are about $300 million in restructuring costs included in the FY 27 SEC 10-K filing. This is a comparatively low amount that has to cover earlier layoff costs, which may indicate that this upcoming layoff will be lower than March’s. The money continues to flow out, not in. Oracle’s high-profile data center buildouts, notably Project Jupiter, are being hit with increasing “social costs”. Despite initial permitting,... Continue Reading
Search Results for data breaches
TTA’s August Ice Cream Run: General Catalyst’s $ for Function Health, GI health is “IT” for Hinge and Throne, EO for AI, DispatchHealth repositions, Health NZ modernizes, Centene’s profit, more!
...data center build overages, “social costs” multiply. Pentagon inks $7B, 10 year deal for software. Catching up to Masimo’s ‘unfinished’ business: Danaher completes $9.9B acquisition of Masimo. $634 million damages from Apple upheld, but Kiani lawsuits continue Recent Headlines and Must Reads This week’s Must Read: the dangerous financing of AI data center buildouts–and how they resemble the 2020 health tech boom (Remember the SPAC boom that cracked and left nearly all companies and billions in the dust?) Chutes & Ladders: Data breach clouts Clover, OpenAI agent escapes sandbox to attack Hugging Face, Precision’s surface BCI achieves thought control, Tempus... Continue Reading
News roundup #2: Function Health’s jumbo $450M raise from General Catalyst, Hinge Health’s $105M Cylinder buy, and Throne Science’s $10M Series A
...Capital, Cosmic Venture Partners, Offscript, V1.VC, and Morrison Seger. Throne Science has developed an AI-assisted toilet sensor for $399 (plus $5.99/month membership) that monitors for bathroom habits, specifically monitoring patterns around hydration and gut health. Last month, they launched the beta version of their Gut Health AI coach which allows users to query the app about their data. The fresh funds will be used for further R&D for the next generation of the device targeting early detection of colon and urinary tract cancers. Interestingly, one of the founders is John Capodilupo, formerly CTO at the previously mentioned WHOOP. Release, Mobihealthnews... Continue Reading
News roundup #1: AI governance ‘in’ with Feds, ATA; Centene’s shrinking but more profitable future; repositions and partnerships for DispatchHealth, WHOOP; Te Whatu Ora Health New Zealand modernization
Besides data center worries, AI governance and cybersecurity are very near the top of AI concerns. For the Feds, AI is being used to patch up cyber vulnerabilities at speed and scale. The Gold Eagle “Promoting Advanced Artificial Intelligence Innovation and Security” initiative established in Executive Order (EO) 14409 is designed to operate across agency lines, reduce bureaucracy, stimulate innovation, and utilize AI for security as well as develop internal, responsible AI practices. It also promotes cooperation between the private sector and government by being built out by open source software companies, The EO has three major parts: Upgrading American... Continue Reading
TTA’s July’s a Wrap: what’s up with Masimo and Danaher, Oracle’s new datacenter danger zone with overruns, Included buys Firefly in expansion, Candid raises $120M, TytoCare’s new CEO and $25M, more!
...Firefly, Candid’s $120M raise, DarioHealth’s $23M RDO, TytoCare’s $25M growth round + new execs, Aurenar’s $5.7M seed for ICU neuromodulation Chutes & Ladders, Oracle Edition: Surprise! Project Jupiter data center build overages, “social costs” multiply. Pentagon inks $7B, 10 year deal for software. Catching up to Masimo’s ‘unfinished’ business: Danaher completes $9.9B acquisition of Masimo. $634 million damages from Apple upheld, but Kiani lawsuits continue Last week’s headlines This week’s Must Read: the dangerous financing of AI data center buildouts–and how they resemble the 2020 health tech boom (Remember the SPAC boom that cracked and left nearly all companies and... Continue Reading
Chutes & Ladders, Oracle Edition: Surprise! Project Jupiter data center build overages, “social costs” multiply. Pentagon inks $7B, 10 year deal for software.
The Unexpected in the Terra Incognita of data centers whip up The Perfect Pricey Storm for Oracle. Oracle knows how to build software, not huge data center buildings. Buildings have messy things like power supply, coolant, and permitting at the local and state levels. There is also The Unexpected that any experienced builder will factor in even when unknown, whether it’s overruns for wiring, racks, chips, out of spec cement, etc., that delay Opening Revenue Day. The Unexpected increasingly includes what is termed “social costs” that start around genuine concerns such as power draw, transmission lines, water usage, disruptions, even... Continue Reading
This week’s Must Read: the dangerous financing of AI data center buildouts–and how they resemble the 2020 health tech boom
...the circular grift crash taking down Lehman Brothers and other financial institutions and putting us into a four-year recession. It also made financing nearly unavailable for health tech companies just getting out of their Series A or B. CDOs aren’t financing data centers, but Special Purpose Vehicles (SPVs) are. The SPV raises debt financing for a data center and sells it to institutional investors, asset managers or banks. The SPV makes the payments to the contractors and suppliers such as Nvidia for chips. How they pay interest on the debt is via a special account. Finally, when the data center... Continue Reading
Chutes & Ladders: Data breach clouts Clover, OpenAI agent escapes sandbox to attack Hugging Face, Precision’s surface BCI achieves thought control, Tempus AI $1.5B Personalis buy, Karoo Health’s $16.2M Series A
In the Chutes department, it’s an insurer breach and an AI model that broke dramatically out of its sandbox. Clover Health reported that three employee accounts were breached. The breaches were implemented through a ‘classic’ social engineering scheme such as phishing–the kind that this Editor was trained on years ago when she worked in marketing for a unit of a well-known health insurer. This sounds minor except that the three accounts were of “non-managerial employees with access to member visit-scheduling and broker-facing sales functions.” However, these employees also had access to some personally identifiable information (PII) and protected health information... Continue Reading
News roundup: Withings Medical Group service launches, MPs urge cancellation of NHS/Palantir FDP contract, IKS closes TruBridge buy for $557M, ATA comments on prelim CMS PFS for telehealth, Philips’ AI-powered…toothbrush
...another contractor, or develop one in the UK. The concerned Members cross parties and are joined by the trade unions and 100 NHS data and technology specialists, who have separately objected to the FDP in a letter to Health Secretary James Murray. The FDP is a key part of NHS digital transformation to facilitate storage and analysis of health datasets to improve planning, patient care and hospital operations. But the concerns apparently are more political, targeting Palantir and alleging that its defense and security contracts will discourage patients from allowing their medical information to be used. If we in the... Continue Reading
A gloomy view on Oracle going forward: debt, cash flow, and dependence on OpenAI
...data centers, and OpenAI wasn’t happy about that. It’s not a simple matter of going to Nvidia and returning old chips and getting new ones–that isn’t done. Vera Rubin is also twice as expensive on a per-rack basis than Blackwell–$7.8 million versus $4 million. Add to this the long taffy pull of building (online is 12-18 months minimum), power, water, and labor costs…it adds up, as any builder will tell you. Given the above factors, it shouldn’t be any surprise that Oracle stock is down 30% since last December and continues to decline. Extra: The article also contains a short... Continue Reading
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