00:00As investors navigate an increasingly uncertain market environment,
00:04corporate earnings and company updates remain key indicators of business health and future prospects.
00:09Here's a round-up of the latest corporate developments from Overnight that could help shape your investment decisions today.
00:16Open AI has determined that one of its upcoming models is so capable it requires additional safety measures before it
00:24can be launched.
00:24The model called Astra can spot more security vulnerabilities than the most advanced OpenAI model publicly available today,
00:33company official told Reuters on conference call on Tuesday.
00:37Astra also need less computational power to accomplish those tasks.
00:41OpenAI Vice President overseeing its safety work, Amelia Glaze, said with the right tools and access,
00:48Astra can find previously unknown security flaws and develop ways to exploit them across many well-protected systems without a
00:56person guiding each step.
00:58The company plans to make Astra available soon to a limited group but declined to provide specifics.
01:04Glaze say the extra security measures may sometimes slow, pause or stop legitimate work and that OpenAI would work to
01:11minimize those disruptions.
01:14Palo Alto Networks beat fourth quarter earnings estimates on Tuesday and announced the acquisition of AI native platform console,
01:22saying advances in artificial intelligence are making cyber security a higher priority for corporate technology leaders.
01:30Alto Networks said it acquired console, an AI native platform designed to help organization use AI-driven analysis and action
01:39across enterprise operations.
01:41CEO Nikesh Arorov said the acquisition will allow customers to build agentic workflows in natural language that can automatically flag
01:50and remediate issues.
01:51The growing use of AI is increasingly cyber security needs as companies deploy AI at scale and face new security
01:59risks.
01:59The company posted fourth quarter revenue of $3.41 billion, beating NLA's average estimate of $3.35 billion, according to
02:09data compiled by LSEG.
02:13The licensing practices of US cloud computing company Oracle are on the radar of EU antitrust regulators,
02:20a person familiar with the matter said in a case similar to one evolving German rival, SEP, which was settled
02:26with concessions in July.
02:28The European Commission, which acts as the EU competition enforcer, is seeking information from third parties on the issue, the
02:36person said.
02:37This could help regulators build up a case or drop it if there is no evidence of any wrongdoing.
02:43Oracle did not immediately respond to an email request for comment.
02:47In July, SEP offered to make it easier for customers to switch to rival service providers or end their contracts,
02:54averting a potential fine that could be as much as 10% of its global annual turnover.
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