Schneider Electric

SAP cuts hiring and travel to fund AI

SAP announced it will reduce spending in areas such as new hires, external costs and internal business travel in order to free up funds for expanding its AI technologies. An SAP spokesperson confirmed a Bloomberg report that future hiring will focus on selected profiles centred on key AI roles and that travel for internal events without an AI connection will be suspended. The company said customer-facing activities and important AI initiatives will continue to be fully supported. Bloomberg also reported SAP had explored a deal for US software firm Cognite; Cognite was instead acquired by Schneider Electric for $3.1 billion in cash. The article was published by manager magazin on 2026-07-02.

Report: 'Half of 2026 Datacenter Cancellations' Claim Misleading

Semianalysis disputes widespread claims that half of US datacenter capacity slated for 2026 has been delayed or canceled. The narrative traces to a Bloomberg April 1 article and uses Sightline Climate data that Semianalysis says undercounts under-construction capacity. Using a detailed Datacenter Model and a Vision Model trained on satellite imagery, Semianalysis reports its YE2026 North America hyperscaler self-build forecast moved only ~1% (and NA colocation <5%) over six months. The newsletter argues most flagged capacity is early-stage announcement volume—speculative projects without site control, interconnection, permits, or equipment orders—and therefore was never likely for 2026. It documents confirmed delays (e.g., STACK Infrastructure/Oracle pushed to 2029, Nebius and Core Scientific examples), describes supply-chain and permitting dynamics, and explains why equipment backlogs and prepayments limit downside for OEMs.

Oracle Beats Q4, Plans $40B Financing Including $20B Sale

CNBC’s market roundup highlights corporate earnings and macro catalysts likely to move the next trading session. Oracle beat expectations for fiscal Q4 and raised profit guidance but said it plans large financing — roughly $40 billion via debt and equity including a previously announced $20 billion share sale — which pressured the stock in after-hours trading (shares fell more than 7% and are about 42% off the September high). The piece notes Alphabet’s sizable private holdings (SpaceX, Anthropic, Cursor), a sharp drop in gold futures (lowest close since November 2025), and upcoming economic releases: initial jobless claims (consensus 220,000) and the producer price index (PPI) forecasted to rise ~0.7% month-over-month. Adobe, Lennar and RH were flagged as reporting after the bell, and several country ETFs tied to World Cup viewership were mentioned as market movers.