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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.
Why Larry Page and Sergey Brin lost $10 billion each as Google raised $80 billion
Google cofounders Larry Page and Sergey Brin saw their personal fortunes shrink by around $10 billion each on the same day Google-parent Alphabet announced plans to raise $80 billion through a massive stock sale to fund its artificial intelligence (AI) expansion. As reported by Fortune, the decline came as Alphabet shares fell sharply after investors reacted to the company's ambitious fundraising plan and growing AI spending commitments. While the $80 billion deal could become the largest...
'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.
Larry Lamb 'lucky' to land EastEnders and Gavin and Stacey roles
Actor Larry Lamb describes juggling roles on the sets of two iconic TV series at the same time.
Larry Lamb 'lucky' to land EastEnders and Gavin and Stacey roles
Actor Larry Lamb describes juggling roles on the sets of two iconic TV series at the same time.
Larry Lamb 'lucky' to land EastEnders and Gavin and Stacey roles
Actor Larry Lamb describes juggling roles on the sets of two iconic TV series at the same time.
Larry Lamb 'lucky' to land EastEnders and Gavin and Stacey roles
Actor Larry Lamb describes juggling roles on the sets of two iconic TV series at the same time.
Larry Lamb 'lucky' to land EastEnders and Gavin and Stacey roles
Actor Larry Lamb describes juggling roles on the sets of two iconic TV series at the same time.
Tech is flashing a warning sign last seen in 2020. Strategist Larry McDonald sees a massive rotation coming.
Larry McDonald warns that investors are piling into tech stocks thinking it’s the “safe trade,” but should be thining about hard assets instead.
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.