The Stargate Project – a venture initially led by SoftBank Group, ChatGPT creator OpenAI, Oracle and Emirati investment firm MGX – plans to plough up to US$500 billion in the US over the next four years into an advanced network of data centres, housing high-performance computing infrastructure needed for AI development initiatives. The first such…
Oracle’s stock fell nearly 8% after missing earnings estimates and issuing weaker guidance. Oracle’s cloud services, driven by AI demand, grew 12% in the last quarter, making up 77% of revenue. Oracle’s stock surged 80% this year, boosting its market value to over $500 billion. Oracle fell nearly 8% in extended trading after it reported…
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…
Zuckerberg’s rise came amid a strong week of trading for Meta shares, which are up more than 5 per cent this week. read more Meta co-founder Mark Zuckerberg became the third-richest person in the world after he surpassed Amazon chairman Jeff Bezos in the elite list. Zuckerberg’s rise came amid a strong week of trading…
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…
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…