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Search resuls for: "Oracle's Larry Ellison"


7 mentions found


☆ Oracle's Larry Ellison thinks every government will want to build a 'sovereign' AI cloud in the future
  + stars: | 2024-04-07 | by ( Michelle Castillo | ) www.cnbc.com   time to read: +8 min
Oracle, which works with Nvidia and Microsoft on generative AI capabilities, has already helped use cloud tech to cut red tape for countries. For the first time, we're beginning to win business for countries," Ellison said. Countries including Serbia are standardizing on Oracle Cloud Infrastructure and using generative AI for processes like automating health care. Cloud and generative AI applications allowing countries to give rural areas internet access could increase educational opportunities and create more economic value. "There's the 'Black Mirror' bad side of it: Big Brother, data wars, AI warfare and all that stuff," Garder said.
Persons: Raimo Lenschow, Ellison, Oracle's Larry Ellison, it's, Elon Musk's, you've, we've, Dan Gardner, Tapan Parikh, Parikh, Garder, Gardner, Simone Bohnenberger, It's, Bohnenberger, there's Organizations: Oracle, Barclays, EU, Nvidia, Microsoft, European, Amazon, Department of Defense, Google, Infrastructure, Oracle Cloud Infrastructure, Cornell University, U.S Locations: Serbia, Albania, European Union, Kenya, Rwanda, U.S, China, TikTok
☆ Elon Musk, Mark Zuckerberg, and Jeff Bezos have topped a list of mega-billionaires enjoying an eye-watering wealth jump in 2023
  + stars: | 2023-09-22 | by ( Joseph Wilkins | ) www.businessinsider.com   time to read: +2 min
Elon Musk, Mark Zuckerberg, and Jeff Bezos have topped a list of billionaires who saw the biggest wealth increases in 2023. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Musk saw the steepest jump in net worth with a $99 billion increase to $236 billion, cementing his position as the world's richest person. 2 on the list of wealth gainers, with a $61.9 billion increase in his riches to $108 billion. Nvidia CEO Huang's wealth surged by $22.2 billion in 2023 as the chipmaker's stock rocketed 187%, outperforming every other stock in the S&P 500 index.
Persons: Elon Musk, Mark Zuckerberg, Jeff Bezos, Nvidia's Jensen Huang, Larry Page, Sergey Brin, Musk, Zuckerberg, Larry Ellison, Steve Ballmer, Michael Dell, Amancio Ortega, Ortega Organizations: Bloomberg, Google, Service, Meta, Nvidia Locations: Wall, Silicon
☆ Oracle's Larry Ellison gears up to spend millions to back Tim Scott's 2024 run
  + stars: | 2023-05-22 | by ( Brian Schwartz | ) www.cnbc.com   time to read: +3 min
Oracle co-founder and Republican megadonor Larry Ellison is preparing to spend millions of dollars backing Sen. Tim Scott's run for president. The Opportunity Matters Fund PAC has been rebranded for Scott's White House run with a new name: Trust In The Mission PAC, or TIM PAC. Another veteran Republican fundraiser told CNBC that Ellison is already planning to donate up to $10 million to the TIM PAC in the early going of Scott's run. Ellison has signaled to allies that he could give at least between $20 million and $30 million more this cycle, this person said. Ellison admires Scott a great deal for the senator's strong support for Israel, according to a lobbyist who's worked with Oracle and has known Ellison for years.
☆ Tech CEOs all made the same dumb mistake, thinking the pandemic boom would last forever. Now employees are paying the price with massive layoffs.
  + stars: | 2022-11-09 | by ( Matt Weinberger | ) www.businessinsider.com   time to read: +5 min
Mark Zuckerberg took accountability for the mistake that led to this week's 11,000 job cuts at Meta. That mistake: Thinking the pandemic-era good times for tech would last forever. Many other tech companies made the same mistake. Many people predicted this would be a permanent acceleration that would continue even after the pandemic ended," Zuckerberg wrote in a memo to employees on why he's cutting 11,000 jobs at Meta. Startups raised money in eye-watering amounts, even as the major tech companies saw their share prices soar.
☆ American billionaires spent a record $880 million on the U.S. midterm elections
  + stars: | 2022-11-03 | by ( Robert Frank | ) www.cnbc.com   time to read: +4 min
America's billionaires spent a record $880 million on the U.S. midterm elections so far, with most of their spending favoring Republicans, according to a new report. They have given a total of $3.5 million to a single-candidate super PAC in Wisconsin supporting GOP Sen. Ron Johnson. A relative newcomer to the billionaire political class is Sam Bankman-Fried, the 30-year-old crypto mogul. He donated $40 million this cycle, most of it to a super PAC he created called Protect Our Future. Hedge-fund billionaire Stephen Mandel of Lone Pine Capital has spent $17.7 million on Democratic groups, including the super PAC Future Forward.
☆ Wealthy people who moved to Miami are rejecting Florida traditions and radically transforming their homes instead
  + stars: | 2022-10-12 | by ( Kelsey Neubauer | ) www.businessinsider.com   time to read: +7 min
"They're willing to bring their New York aesthetic down into Miami, or their LA or Beverly Hills aesthetic down into Miami." Miami newcomers aren't afraid to break away from aesthetic normsEilyn, who said her design style is more personable and poised, was born and raised in Miami. The result is a modern beach home that includes elements of classic Miami design "mixed with the tranquility of Mykonos" that combines a simple color palette with pops of visual interest. "You can incorporate details that maybe you wouldn't see so much in Miami design," she said. It means they have a steady stream of work, with the possibility to be creative and stretch their imaginations as they shape the future of Miami design.
☆ What Cramer is watching Tuesday — hot inflation slams stocks, recent Apple rally fizzles
  + stars: | 2022-09-13 | by ( Jim Cramer | ) www.cnbc.com   time to read: +4 min
BMO goes to market perform from outperform (hold from buy) but raises its price target $435 per share from $420. Wells Fargo raises price target on Clorox (CLX) to $130 per share from $120; but keeps an underweight (sell) rating. Wells Fargo cuts price target on Dow Inc. (DOW) to $60 per share from $70, saying polyethylene pricing is coming down. JPMorgan calls Robinhood (HOOD) August numbers "uninspiring," keeps underweight (sell) rating and a $7-per-share price target. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
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