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Oracle founder Larry Ellison loses more than $47 billion in less than 7 days

Larry Ellison has lost more than $47 billion in personal wealth in less than a week as shares of Oracle continued to fall ahead of the company's earnings report. Ellison's fortune dropped from about $296 billion last Tuesday, June 2 to around $249.7 billion, according to Forbes' Real-Time Billionaires List. The fall comes as investors pull back from technology and AI-related stocks, leading to a broader selloff across the sector.

Times of India 12h ago

Zoho founder quotes Oracle’s Larry Ellison on AI’s future

Zoho founder Sridhar Vembu echoed Larry Ellison's view that AI is rapidly commoditizing, with value shifting to applications built around it. Ellison argued that similar public data training makes AI models less of a differentiator, emphasizing exclusive datasets as the future competitive edge. Vembu also recently described the AI boom as a significant investment bubble.

Times of India 11d ago

'Warned these guys': US scientist hits back at Oracle's Larry Ellison on AI's big problem

American scientist Gary Marcus isn't letting Larry Ellison have his moment. When the Oracle founder recently argued that AI models from OpenAI, Google, Meta, and xAI are all turning into commodities because they train on the same public internet data, Marcus pounced. His message, posted on X, was blunt: he called this exact outcome two years ago, and Silicon Valley simply wasn't listening.

Times of India 12d ago

Paramount CEO David Ellison Pledges Editorial Independence for ‘60 Minutes’

David Ellison told Lesley Stahl, one of three remaining correspondents for the news program, that he would respect the show’s editorial decisions after a tumultuous stretch.

New York Times 1d ago

Paramount CEO David Ellison Pledges Editorial Independence for ‘60 Minutes’

David Ellison told Lesley Stahl, one of three remaining correspondents for the news program, that he would respect the show’s editorial decisions after a tumultuous stretch.

NYT Business 1d ago

Larry Ellison: "Citizens will be on their best behavior because we’re recording"

Article URL: https://www.techradar.com/pro/quote-of-the-day-by-oracle-co-founder-larry-ellison-citizens-will-be-on-their-best-behavior-because-were-constantly-recording-and-reporting-everything-that-is-going-on-a-dire-warning-on-the-erosion-of-privacy Comments URL: https://news.ycombinator.com/item?id=48373391 Points: 60 # Comments: 14

Hacker News 8d ago

Vance refers Minnesota officials to DOJ for criminal fraud investigation

Vance refers Minnesota officials to DOJ for criminal fraud investigation Both Walz and Ellison have defended their actions against fraud, dismissing a separate Justice Department inquiry involving state leaders as politically motivated - Bookmark - CommentsGo to comments Vice President JD Vance is urging federal prosecutors to investigate Minnesota Governor Tim Walz and Attorney General Keith Ellison, alleging they failed to curb extensive social services fraud. This move intensifies worries...

The Independent World 1d ago

CBS News veterans urge Paramount CEO to ‘uphold editorial independence’ at 60 Minutes

Dozens of former news staffers press David Ellison to commit to fair coverage in wake of major firings on the showSeveral dozen veterans of CBS News – including many former 60 Minutes employees – signed a letter to the Paramount Skydance CEO, David Ellison, on Monday, pressing him to commit to the show’s editorial independence four days after network management fired several top staffers and correspondents. On Thursday, the CBS News editor-in-chief, Bari Weiss, and president, Tom Cibrowski,...

The Guardian World 8d ago

Minnesota Republicans rebuked for Derek Chauvin moment of silence

Attorney general Keith Ellison says gesture at convention was an ‘act of profound cruelty’ to George Floyd’s familyThe Minnesota Republican party’s decision to hold a moment of silence for Derek Chauvin, the former police officer convicted of murdering George Floyd, has angered the state’s attorney general – who was the lead prosecutor in the case. Keith Ellison, a Democrat, said Saturday’s gesture at the state Republicans’ annual convention in Duluth was “an act of profound cruelty” to...

The Guardian World 9d ago

Minnesota fraud report accuses state AG of 'incompetence, willful blindness or worse'

The House Oversight Committee's Republican majority accused Minnesota Attorney General Keith Ellison of repeatedly contradicting public accounts of Minnesota's massive Feeding Our Future fraud scandal in a 205-page report released Monday. The scandal, which thrust the Land of 10,000 Lakes into the national spotlight, set off a chain of journalistic and congressional investigations that exposed a wider web of waste, fraud and abuse, including allegations that members of Minnesota's Somali...

Fox News Politics 1d ago