Search results for Chevron
AI & Enterprise
AI hacking spurs shift in corporate security spending priorities
As AI hacking spreads, companies are not only increasing cybersecurity budgets but also changing spending priorities, benefiting some newer security technologies while sidelining parts of the traditional stack. Large firms are raising outlays for tools to monitor employee AI use, find vulnerabilities ahead of hackers and speed patching. Some are cutting spending on traditional vulnerability management, log collection and penetration testing. Gartner forecasts strong growth in the AI security market through 2028.
Industry
Microsoft, Chevron sign 20-year power supply deal to run AI data centres on natural gas
Microsoft and Chevron plan to build a 2.67 gigawatt natural gas power plant in west Texas and use it to supply electricity to Microsoft AI and cloud data centres. The companies have signed a 20-year power purchase agreement for dedicated supply. Most capacity will come from two GE Vernova turbines, with the remainder from Caterpillar unit Solar Turbines. The project has drawn attention to potential emissions and climate-strategy tensions.
Finance
Berkshire sells entire stakes in Visa, Mastercard; not due to performance
Berkshire Hathaway has sold its entire stakes in Visa and Mastercard, prompting market focus on whether the move signals a broader portfolio reshuffle. A quarterly report showed Berkshire also fully exited some holdings such as Amazon. The sales are being read as the first major rebalancing under Greg Abel, who is effectively leading portfolio management, and may reflect a move away from positions linked to Todd Combs. Visa’s recent business indicators were described as solid.
