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.

A look at the global network of subsea internet cables, dominated by companies from France, the US, and Japan, as China circumvents US curbs to build its own (Financial Times)

Financial Times:
A look at the global network of subsea internet cables, dominated by companies from France, the US, and Japan, as China circumvents US curbs to build its own  —  Nearly 1.4mn kilometres of metal-encased fibre criss-crosses the world's oceans, speeding internet traffic seamlessly around the globe.

Sources: SoftBank plans a new round of Vision Fund layoffs, impacting up to 30% of the staff at the unit; Vision Fund had 349 staff at the end of March 2023 (Krystal Hu/Reuters)

Krystal Hu / Reuters:
Sources: SoftBank plans a new round of Vision Fund layoffs, impacting up to 30% of the staff at the unit; Vision Fund had 349 staff at the end of March 2023  —  SoftBank Group Corp (9984.T) is planning a fresh round of layoffs at its Vision Fund investment arm, two people familiar with the matter said …

Oyo introduces Stay Now and Pay Later option: Here’s what it means and how to use

Oyo has introduced a new feature to make your summer vacations interesting. The company has announced the new Stay Now and Pay Later option for Indian travellers. https://ift.tt/gz0DUc8

How Jimmy Donaldson, aka MrBeast, became a viral sensation for his absurd acts of altruism and pitching subscribing as an act of charity, sometimes literally (Max Read/New York Times)

Max Read / New York Times:
How Jimmy Donaldson, aka MrBeast, became a viral sensation for his absurd acts of altruism and pitching subscribing as an act of charity, sometimes literally  —  Jimmy Donaldson, a.k.a. MrBeast, has become a viral sensation for his absurd acts of altruism.  Why do so many people think he's evil?

PitchBook: the UK and Ireland accounted for ~28% of VC deals in Europe and Israel in Q1 2023, down from over 34% in 2018, while France and the Nordics rose (Mark Bergen/Bloomberg)

Mark Bergen / Bloomberg:
PitchBook: the UK and Ireland accounted for ~28% of VC deals in Europe and Israel in Q1 2023, down from over 34% in 2018, while France and the Nordics rose  —  This year did not begin well for technology in the UK.  Venture financing evaporated.  Companies cut staff and tightened belts.