Latest in Tech: Feb 3 (5 stories)
Tuesday, 3 Feb 2026 Daily Technology GLOBAL
Here is your Daily summary for Technology across the world for Tue 3rd February 2026
Oracle Corp. is set to raise between $45 billion and $50 billion this year through debt and equity sales, aiming to expand its cloud infrastructure to meet rising demand from major clients. This significant investment underscores Oracle's commitment to enhancing its cloud capabilities amid increasing competition in the sector.
In a notable move within the tech industry, Thrive Holdings has invested $100 million in AI solutions for IT support, signaling a growing trend of integrating advanced technologies into service sectors. Meanwhile, Snowflake's recent multi-year agreements with AI firms, including OpenAI, highlight the intensifying race for enterprise AI dominance.
OpenAI has also launched a new macOS app for Codex, which incorporates popular agentic coding practices, further advancing its offerings in the coding space. These developments reflect the rapid evolution and integration of AI technologies across various sectors, emphasizing their critical role in shaping the future of tech.
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Oracle to Raise Up to $50B in 2026 as Musk's In Talks to Combine SpaceX, xAI
Bloomberg Technology 2 Feb 2026, 6:01pmBloomberg's Mandep Singh joins to discuss the biggest news in the tech sector on Bloomberg Intelligence. Oracle Corp. plans to raise $45 billion to $50 billion this year through a combination of debt and equity sales to build additional cloud infrastructure capacity, reflecting the scale of financing needed to feed AI’s growth. Elon Musk is in advanced talks to combine Space Exploration Technologies Corp. with xAI, according to people familiar with the matter, underscoring how the billionaire’s artificial intelligence ambitions have grown too costly for any one of his entities to shoulder alone. (Source: Bloomberg)
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Oracle to Raise Up to $50 Billion for Cloud Investment
Bloomberg Technology 2 Feb 2026, 10:16amOracle Corp. plans to raise $45 billion to $50 billion this year through a combination of debt and equity sales. The company is raising money to build additional capacity to meet the contracted demand from the its largest cloud customers, including Nvidia Corp. and OpenAI. Bloomberg’s Neil Campling breaks down the situation.
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What Snowflake’s deal with OpenAI tells us about the enterprise AI race
TechCrunch 2 Feb 2026, 7:09pmSnowflake is the latest enterprise to sign multi-year deals with multiple AI companies in what could be a sign to come of a future trend.
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OpenAI launches new macOS app for agentic coding
TechCrunch 2 Feb 2026, 6:19pmOpenAI has released a new macOS app for Codex, integrating many of the agentic coding practices that have become popular since Codex launched last year.
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Thrive Holdings Makes a $100 Million Bet on AI for IT Help
Bloomberg Technology 2 Feb 2026, 11:00amIt’s Thrive Holdings’ latest investment in bringing new tech to the services industry.