Monday, September 15, 2025

Larry Ellison Juggles OpenAI, Paramount, Warner Bros., and TikTok Simultaneously

Larry Ellison, co-founder and CTO of Oracle, has made headlines by briefly becoming the world’s richest person after Oracle’s shares surged due to significant AI contracts, including a partnership with OpenAI. This surge, driven by over $455 billion in signed cloud and AI contracts, marks Oracle’s largest gain since 1992. At 81, Ellison’s influence spans tech, politics, and media, with backing from Donald Trump. Recent reports indicate Ellison’s family is pursuing a cash bid for Warner Bros. Discovery, aiming to create a media powerhouse by merging it with Paramount Global, led by his son David. Ellison’s strategy includes significant stakes in healthcare technology and close ties with influential figures like Elon Musk. Additionally, Ellison has expressed interest in acquiring TikTok amidst ongoing political discussions. His journey from college dropout to tech billionaire showcases his ambition and ruthlessness in building a sprawling empire across multiple industries.

Source link

Share

Read more

Local News