Larry Ellison
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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.
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.
'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 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
AI Is Slowing Down
If you liked this piece, you should subscribe to my premium newsletter. It’s $70 a year, or $7 a month, and in return you get a weekly newsletter that’s usually anywhere from 5,000 to 18,000 words, including vast, detailed analyses of NVIDIA, Anthropic and OpenAI’s finances, and the AI bubble writ large (updated to version 3.0 last week). My Hater's Guides To the SaaSpocalypse, Private Credit and Private Equity are essential to understanding our current financial system, and my guide to how...
US broadcaster CBS fires 60 Minutes’s Scott Pelley after clash with bosses
US broadcaster CBS fires 60 Minutes’s Scott Pelley after clash with bosses Veteran journalist’s dismissal comes after he reportedly accused management of ‘murdering’ influential news programme. US broadcaster CBS has fired Scott Pelley, a longtime correspondent for its 60 Minutes programme, after he reportedly said Editor-in-Chief Bari Weiss was “murdering the show” and accused its new producer of having “slender qualifications” for the job. The firing on Tuesday deepened the turmoil at the...
New ‘60 Minutes’ boss takes meetings with staffers after clash with Scott Pelley
“60 Minutes” executive producer Nick Bilton pressed ahead Tuesday with plans to speak individually with staff members, a day after correspondent Scott Pelley confronted him during a heated meeting, according to a source with direct knowledge of the matter. Bilton, a documentary filmmaker and technology journalist, laid out those plans during a meeting with “60 Minutes” employees on Monday morning. But that gathering was overshadowed by Pelley’s fiery criticism of Bilton and CBS News...
'60 Minutes' meltdown: Scott Pelley fired, praised, scolded for attacking Bari Weiss, charges bias
Scott Pelley went down swinging. For that, he is being widely praised as a journalistic hero by the media-industrial complex. And also widely mocked as a self-promoting phony.