Roomba maker iRobot swept into bankruptcy

Shenzhen-based Picea Robotics, its lender and primary supplier, will acquire all of iRobot’s shares.  Roomba maker iRobot has filed for bankruptcy and will be taken over by its Chinese supplier after the company that popularized the robot vacuum cleaner fell under the weight of competition from cheaper rivals. The…

Oracle shares slide on $15B increase in data center spending

Company raises its capital expenditure forecast as it doubles down on AI infrastructure bet.  Oracle stock dropped after it reported disappointing revenues on Wednesday alongside a $15 billion increase in its planned spending on data centers this year to serve artificial intelligence groups. Shares in Larry Ellison’s database company…