Oracle co-founder Larry Ellison has stepped in to personally guarantee more than $40bn in financing for Paramount Skydance’s hostile $78bn bid for Warner Bros. Discovery. The move follows open scepticism from WBD’s board over whether the offer was fully funded and capable of closing. By putting his own wealth on the line, Ellison aims to…
Larry Ellison net worth 2025 Oracle founder and Chairman Larry Ellison has outlined the difference between two types of artificial intelligence (AI) models, separating them based on their need for real-time, low-latency decision-making. In a video shared on Elon Musk’s X, Ellison is seen explaining that the design and deployment of an AI model depend…
Oracle posted not-so-good quarterly results that fell short of Wall Street’s revenue expectations. Soon a report by Bloomberg claimed that the tech giant has postponed the completion dates for some of the massive data centres it is developing for artificial intelligence (AI) company OpenAI, pushing back timelines from 2027 to 2028. However, an Oracle spokesperson…
Wall Street closed on a split note on Thursday as the Dow Jones Industrial Average and S&P 500 seized spotlight with their new record highs while Nasdaq traded in red. The Dow Jones Industrial Average and the S&P 500 climbed to fresh milestones on Thursday, buoyed by investors still riding the momentum set off by…
Just months after Oracle stock hit historic high, stunning Wall Street, after it inked a $300 billion deal with ChatGPT-maker OpenAI, the company seems to be feeling AI jitters. A smaller player in the cloud market for a long time, Oracle this September staked claim as one of the bigger providers of the rented computing…
Most US stocks edged higher on Thursday, but a sharp fall in Oracle kept major indices in check even as bond yields softened, AP reported.The S&P 500 slipped 0.4 per cent in early trade, moving further away from its October record high. The Dow Jones Industrial Average rose 233 points, or 0.5 per cent, while…
OpenAI’s partners are shouldering nearly $100 billion in debt linked to the AI firm, with SoftBank, Oracle, and CoreWeave borrowing heavily. This strategy leverages others’ balance sheets, as OpenAI itself holds minimal debt. Oracle faces the largest exposure, with its stock value significantly impacted by these arrangements. OpenAI‘s data center partners are accumulating nearly $100…
Oracle has confirmed the existence of a targeted email extortion campaign that Google’s Mandiant team recently flagged as a serious cybersecurity threat. The hackers are claiming to have stolen sensitive data from Oracle business applications. In a statement, Google said that the messages are part of an ongoing campaign by a group that has linked…
Donald Trump approves TikTok deal ensuring the popular social media platform won’t be banned in the US. Donald Trump approves TikTok deal ensuring the popular social media platform won’t be banned in the US. Donald Trump approves TikTok deal ensuring the popular social media platform won’t be banned in the US. Donald Trump approves TikTok…
Oracle founder Larry Ellison is currently the world’s second richest person, only behind Tesla CEO Elon Musk. As per Bloomberg’s Billionaires Index, he has a total net worth of $373 billion. Ellison’s wealth has grown rapidly in the past months due to massive gains in Oracle’s stock, driven by the AI boom. But not many…