Nasdaq futures (NQ=F) are jumping this morning after President Trump announced Stargate, a push to help support AI growth in the United States. Among the big companies involved in the project are OpenAI, Oracle (ORCL), and SoftBank (SFTBY). One stock that is soaring is Netflix (NFLX). The streamer reported fourth quarter results that handily beat…
The TikTok short form video hosting service logo is seen on a mobile device in this illustration photo taken in Warsaw, Poland on 17 July, 2024. Jaap Arriens | Nurphoto | Getty Images President Donald Trump said on Tuesday that he’d consider the possibility of Tesla CEO Elon Musk or Oracle Chairman Larry Ellison purchasing…
We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. US launches trade investigation into China’s ‘legacy’ chips The White…
Topline Amazon founder Jeff Bezos overtook Oracle co-founder and chief technology officer Larry Ellison as the second richest person in the world on Forbes’ real-time billionaires rankings, behind Elon Musk, after shares of Amazon jumped Friday. Jeff Bezos in New York City in 2021. (Photo by Michael M. Santiago/Getty Images) Getty Images Key Facts Shares…
In This Story Elon Musk is the richest person on the planet right now. That’s probably part of why he’s fine with former President Donald Trump’s economic plans causing, in his words, “temporary hardship” in the pursuit of a healthier economy years down the road. Audiences will be major beneficiaries of AI in the media…
Tesla CEO and X owner Elon Musk speaks during an unveiling event for Tesla products in Los Angeles, California, U.S. October 10, 2024 Source: Tesla | Youtube Tesla CEO Elon Musk, already the world’s richest person, added another $26 billion in paper wealth on Thursday after his company’s stock had its biggest rally since 2013….
Photo: Josh Edelman (Getty Images) In This Story Meta co-founder and CEO Mark Zuckerberg is now the second-richest person in the world, according to the Bloomberg Billionaires Index. Donald Trump and Kamala Harris are neck-and-neck with crypto voters, Coinbase poll says With a net worth of $206 billion — driven higher by a recent rally…
Larry Ellison owns 42% of Oracle (NYSE: ORCL), a $465 billion technology giant that is building some of the most powerful data centers for artificial intelligence (AI) development. Nvidia (NASDAQ: NVDA) supplies Oracle and most other tech companies with data center chips called graphics processing units (GPUs). Nvidia has experienced an eye-popping surge in its…
Topline Larry Ellison, Oracle’s billionaire chairman, surpassed Amazon founder Jeff Bezos as the second-richest person in the world as Oracle’s shares surged again Monday. The two billionaires briefly swapped ranks among the world’s wealthiest last week. Getty Images Key Facts Ellison—who holds roughly 40% of Oracle’s shares—has a net worth of about $206 billion as…
The U.S. economy has a history of producing the world’s most valuable companies. United States Steel became the first-ever $1 billion company in 1901, and 117 years later, Apple became the first company in the world to surpass a $1 trillion valuation. Apple is now worth over $3 trillion, but since 2018, tech giants Nvidia,…