Larry Ellison, the Oracle (NYSE:ORCL) co-founder and one of the richest people on the planet, watched $22.6 billion disappear in a single day on January 27—and he didn't even have to lift a finger. The selloff was brutal,

President Donald Trump announced an A.I. initiative called Stargate. During a press conference at the White House attended by SoftBank (SFTBF) CEO Masayoshi Son and Oracle founder Larry Ellison, the returning President told reporters the initiative will invest $500 billion—equivalent to almost 2 percent of the annual U.

The $500 billion Stargate project will be critical to "maintain American leadership in AI," one of the partners said in a statement.

The $500 billion Stargate Initiative — led by Trump, OpenAI, SoftBank, and Oracle — is set to revolutionize U.S. AI infrastructure.

The rise of Chinas DeepSeek AI assistant has sent shares of Western tech companies tumbling The worlds 500 richest people lost a t

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.

News from China upset U.S. markets Monday and disrupted the frenzy that had built up around artificial intelligence.

The world’s 500 richest people, led by Nvidia co-founder Jensen Huang, lost a combined $US108 billion ($172 billion) on Monday as a tech-led selloff tied to Chinese AI developer DeepSeek sent major indices plunging.

Larry Ellison unveiled plans for an AI-driven cancer vaccine system that could deliver personalized treatments within 48 hours.

At the launch of Stargate Project, Oracle's Ellison said that AI could assist in identifying the cancer fragments early through a simple blood test, followed by gene sequencing of the tumour

After a Chinese AI app suddenly overtook the competition from OpenAI at the weekend, the AI sector had a dark day on the stock market.