US tech titans Elon Musk, Mark Zuckerberg and Jeff Bezos are taking a prominent place in the new Trump era, but another player from another era -- Oracle boss Larry Ellison -- is making a surprise return.
The world could soon see its first trillionaires, with five individuals projected to reach the milestone within the next decade if current trends persist, according to Oxfam's annual inequality report released Sunday reported CNN Business.
What is Larry Ellison's net worth in 2025? What are the secrets behind the 80-year-old from New York City, who is currently considered the second-wealthiest man in the world behind
Washington (AFP) – US tech titans Elon Musk, Mark Zuckerberg and Jeff Bezos are taking a prominent place in the new Trump era, but another player from another era -- Oracle boss Larry Ellison ...
WASHINGTON: US tech titans Elon Musk, Mark Zuckerberg and Jeff Bezos are taking a prominent place in the new Trump era, but another player from another era – Oracle boss Larry Ellison – is ...
Explore how education shaped the world's wealthiest individuals. From Jeff Bezos' engineering degree to Elon Musk's short-lived PhD pursuit, and Mark
A tech selloff led by Chinese AI developer DeepSeek erased $108 billion from the wealth of the world’s richest, with Nvidia’s Jensen Huang losing $20.1 billion. Despite losses, some like Zuckerberg and Bezos saw their fortunes rise significantly amid the AI boom.
DeepSeek AI, a cost-effective language model from China, outshines ChatGPT with fewer resources and lower costs. The tech-sector giants collectively experienced a loss of $94 billion in wealth, accounting for about 85% of the total drop in the Bloomberg index.
As TikTok faces a potential ban, various bidders, including Elon Musk and Larry Ellison, are key contenders to buy the platform. Meanwhile, Netflix remains a possible option among streaming giants, though the company has not historically pursued major acquisitions.
The sell-off was triggered by Chinese AI developer DeepSeek, whose model requires less than $6 million worth of computing power from Nvidia H800 chips.
After DeepSeek R1's impressive performance, global tech-sector titans as a group saw $94 billion of wealth evaporate — roughly 85 per cent of the Bloomberg index's total decline.
The rise of Chinas DeepSeek AI assistant has sent shares of Western tech companies tumbling The worlds 500 richest people lost a t