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.
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When you’re the world’s third-richest man – according to Forbes – with a net worth of $209 billion, buying real estate for price tags that would be shocking to most is just another day at the office for Oracle founder Larry Ellison.
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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.
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. In the first 48 ...
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