Oracle

News

Larry Ellison Surpasses Elon Musk as World’s Richest: A Critique of Wealth and its Purveyors

Oracle co-founder Larry Ellison briefly surpassed Elon Musk to become the world’s richest person on Wednesday morning, with his wealth reaching nearly $400 billion. This surge was driven by Oracle’s announcement of a substantial backlog for cloud services, including significant AI-related contracts with companies like Nvidia and OpenAI. Ellison’s family has also been expanding its influence, including a recent $8 billion takeover of Paramount Global, further contributing to his financial growth. Additionally, Ellison is involved in a massive datacenter project with Softbank and OpenAI, utilizing Oracle technology.

Read More

John Q. Hosedrinker
The Issues

White House Pushes Oracle TikTok Takeover Amid Corruption Concerns

The White House is reportedly in discussions to facilitate a takeover of TikTok by Oracle and a group of US investors. This proposed deal stems from concerns about potential espionage and data security risks associated with the Chinese-owned social media platform. The current administration is clearly aiming to address these concerns through this corporate acquisition, but the situation is fraught with complexities and raises numerous questions.

The very idea of the government brokering such a large-scale corporate transaction is unusual, and the potential for conflicts of interest is significant. It appears that the administration is prioritizing national security concerns over traditional free-market principles, prompting accusations of government overreach and cronyism.… Continue reading

Matt Underwood

Stories You May Have Missed

World News

EU Fines Elon Musk’s X $140 Million: “Pocket Change” or a Meaningful Sanction?

News

Netflix to Acquire Warner Bros. Discovery: Concerns Over Price Hikes and Content Control

The Issues

Sweden Cuts Aid to Five Countries, Redirects Funds to Ukraine

US Election 2024

Trump Furious Over Mental Decline Scrutiny