Tuesday, June 13, 2023

In a first, Larry Ellison passes Bill Gates to become the world's fourth-richest person with a $129.8B net worth; ORCL has risen 42% in 2023 on the AI boom (Biz Carson/Bloomberg)

Biz Carson / Bloomberg:
In a first, Larry Ellison passes Bill Gates to become the world's fourth-richest person with a $129.8B net worth; ORCL has risen 42% in 2023 on the AI boom  —  The optimism around artificial intelligence boosted both Oracle Corp.'s stock — and founder Larry Ellison's net worth — to record highs on Monday.



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How Chinese tech companies navigate geopolitical tensions: TikTok and Manus adopted a "China shedding" strategy, while Shein and Meituan seek non-US growth (Meaghan Tobin/New York Times)

Meaghan Tobin / New York Times : How Chinese tech companies navigate geopolitical tensions: TikTok and Manus adopted a “China shedding” s...