The United States plans to change the allocation of budgets provided to universities, considering redirecting these funds to research and development for artificial intelligence (AI). The White House hopes to provide researchers with a research and development budget of $200 billion. (The Wall Street Journal)

Oracle has initiated a new round of layoffs, with some teams experiencing double-digit percentage cuts. The total number of employees for fiscal year 2026 is expected to decrease by about 21,000 compared to the previous year, a reduction of approximately 13%. The company is reducing labor costs to finance expansion of AI infrastructure. The news triggered a sharp drop in the stock price of more than 5%, with a cumulative decline of about 25% since the beginning of the year. Wall Street remains cautious about its investment returns; Morgan Stanley maintains a "neutral" rating, pointing out that profit margin conversion is key to valuation reassessment.