Larry Ellison News

12.04 / 01:41

COST UPS Provident Strategy Software Enterprise strain How Oracle’s huge AI build-out is causing a cash crunch and layoffs

American multinational technology company Oracle, founded by Larry Ellison, is executing the largest layoffs in its history, cutting up to 30,000 jobs or about 19% of its 162,000 global workforce. In India, where it employs around 50,000 people, about 10,000-12,000 roles are being eliminated.At the same time, the company has raised its restructuring budget by $500 million to $2.1 billion in FY26 (June-May), mainly for severance. Oracle attributes part of the reduction to AI coding tools that allow smaller teams to build software faster.

25.03 / 15:59

markets Updates Trump to name Mark Zuckerberg, Larry Ellison and Jensen Huang to Tech Panel

Write to Annie Linskey at [email protected] and Alex Leary at [email protected] all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.

14.12 / 02:41

markets Platform security Netflix Boxing film President Warner Bros Netflix vs Paramount: The high-stakes battle for Warner Bros, explained in 5 charts

Subscribe to enjoy similar stories. On 5 December, Netflix signed an agreement to acquire Warner Bros. Discovery's (WBD) studio and streaming businesses for an enterprise value of $82.7 billion.

10.12 / 01:51

Hollywood UPS Entertainment Netflix wellness President Warner Bros Behind Paramount’s relentless campaign to woo Warner Discovery and President Trump

Subscribe to enjoy similar stories. Paramount Chief Executive David Ellison knew his latest bid for Warner Bros. Discovery was in trouble when the company’s CEO David Zaslav started ghosting him.

10.12 / 01:43

markets Hollywood UPS Entertainment Netflix President War Warner Bros Netflix and Paramount are battling for more than just Warner Bros

Subscribe to enjoy similar stories. THE CREDITS were ready to roll. Netflix, the world’s biggest streaming company, had announced on December 5th that it was to acquire most of Warner Bros Discovery, one of the biggest names in old-fashioned moviemaking, in a deal valued at $83bn.

09.12 / 03:37

Hollywood UPS Entertainment Netflix wellness President Warner Bros Behind Paramount’s relentless campaign to woo Warner Discovery and President Trump

Subscribe to enjoy similar stories. Paramount Chief Executive David Ellison knew his latest bid for Warner Bros. Discovery was in trouble when the company’s CEO David Zaslav started ghosting him.

07.12 / 12:35

markets Netflix Research Warner Bros Justice reports Department Investigations The Netflix and Warner Bros. deal is far from a sure thing

Subscribe to enjoy similar stories. Netflix and Warner Bros. Discovery have reached a deal—but getting it approved won’t be so easy.

28.01 / 15:07

COST Binance Racing NVIDIA Meta Platforms World's richest people lose US$108 billion after DeepSeek selloff

The world’s 500 richest people, led by Nvidia Corp. co-founder Jensen Huang, lost a combined US$108 billion on Monday as a tech-led selloff tied to Chinese artificial intelligence developer DeepSeek sent major indices plunging.

28.01 / 01:25

markets COST Analysis Trade Experts World’s richest people lose $108 billion after DeepSeek selloff

Billionaires whose fortunes are linked to artificial intelligence were the biggest losers: Huang saw his fortune fall $20.1 billion, a 20% drop, while Oracle Corp. co-founder Larry Ellison’s $22.6 billion loss was larger in absolute terms, but represented just 12% of his fortune, according to the Bloomberg Billionaires Index. Dell Inc.’s Michael Dell lost $13 billion, and Binance Holdings Ltd. co-founder Changpeng “CZ” Zhao shaved $12.1 billion.

27.01 / 21:03

markets Digital Strategy President Experts PAM social Wedge between Elon Musk and Donald Trump? Proximity of ChatGPT founder Sam Altman to the new president is unsettling USA's ‘first buddy’

ChatGPT founder Sam Altman's close proximity to the new president. The decade-long feud is driving a wedge between Musk and Trump.

27.01 / 11:41

markets Digital Strategy President PAM show DeepSeek and Masa Son have lessons for Stargate

24.01 / 00:43

markets NVIDIA Research President electronic innovations rights Trump's Stargate, Biden’s chip orders spur fears, policy actions in India

Subscribe to enjoy similar stories. A succession of executive orders by the outgoing and the new presidents of the United States have left India’s artificial intelligence (AI) and semiconductor businesses and the nation’s policymakers worried. It only underscores the need for locally developed core technologies for economic prosperity, while relying on diplomacy to tide over the immediate risk.

23.01 / 12:13

UPS Platform Software wellness Bill reports How Oracle plays cheaply in AI

Subscribe to enjoy similar stories. When it comes to big techs, Oracle is hardly small-fry. But the 47-year-old software titan still has to play its hand deftly when it comes to the ultra-expensive game of artificial intelligence.

22.01 / 01:29

CEO Tesla wellness Trade President country reports 'I like both sides of argument on H-1B', says Trump

Donald Trump on Tuesday said he likes both sides of the argument on H-1B foreign guest workers' visa, noting that he likes «very competent people» coming into the country and that he has used the programme. «I like both sides of the argument, but I also like very competent people coming into our country, even if that involves them training and helping other people that may not have the qualifications they do. But I don't want to stop — and I'm not just talking about engineers, I'm talking about people at all levels,» Trump told reporters at the White House during a joint news conference with Oracle CTO Larry Ellison, Softbank CEO Masayoshi Son, and Open AI CEO Sam Altman.

21.01 / 19:33

markets UPS Strategy CBS PAM reports Trump to announce up to $500 billion private sector AI infrastructure investment, sources say

Donald Trump is due to announce private sector investment of up to $500 billion of artificial intelligence infrastructure on Tuesday, two sources told Reuters.

07.12 / 03:09

markets Man Strategy Doge Department Schools Interviews The Silicon Valley billionaires steering Trump's transition

Trump gathered his top advisers in the tearoom at his Florida resort, Mar-a-Lago, to plan the transition to his second-term government. Trump had brought two of his most valued houseguests to the meeting: billionaire Tesla boss Elon Musk and billionaire Oracle co-founder Larry Ellison. Trump looked around the conference table and issued a joking-not-joking challenge. «I brought the two richest people in the world today,» Trump told his advisers, according to a person who was in the room. «What did you bring?»

05.12 / 16:03

markets CEO Strategy Software Tesla PAM reports Have you heard of him before? Who is the tech billionaire whom Donald Trump has picked to head NASA

billionaire entrepreneur Jared Isaacman to lead NASA while marking a significant shift in the agency's leadership, reported Associated Press. According to Associated Press, Jared Isaacman who is aged 41 is actually known for his close ties to Tesla CEO Elon Musk and has gained prominence as a private astronaut while having commanded two commercial spaceflights with SpaceX. It should be also noted that he conducted the first private spacewalk during a recent mission which further solidified his role in the burgeoning commercial space industry. Also Read: College football transfer outs world's fourth richest man Larry Ellison's fifth wife, who is she? Here's all you need to know

05.12 / 16:03

markets Digital Software Football Universities Schools Colleges College football transfer outs world's fourth richest man Larry Ellison's fifth wife, who is she? Here's all you need to know

Oracle, has quietly married for the fifth time. His new wife, Jolin, also known as Keren Zhu, has played a pivotal role in his recent investments in college football, particularly at the University of Michigan. Jolin, 33, is credited with helping Ellison secure top recruit Bryce Underwood, a highly-rated high school quarterback from Louisiana State University, to Michigan.

28.11 / 13:07

markets Digital security Tesla NVIDIA Experts reports Elon Musk's Tesla is pushing Jensen Huang led Nvidia to the brink; here's the reason

28.10 / 01:11

FIVE economy NVIDIA President Celebrity country concert Mint Primer: Why top tech executives are heading for India

Subscribe to enjoy similar stories. Last week, Yann LeCun, one of the godfathers of artificial intelligence (AI), visited India. Alongside, Nvidia chief Jensen Huang made his annual visit.

16.09 / 15:06

UPS Provident Google Platform Strategy Software Inside Oracle turns rivals into partners in pursuit of cloud ambitions

Subscribe to enjoy similar stories. Oracle announced a partnership with Amazon’s cloud unit, cementing its strategy of joining with once sworn rivals, and finding its own niche in the cloud and artificial intelligence era. The Austin-based tech giant, which has lagged behind Amazon, Microsoft and Google in cloud-computing for years, has now built partnerships with all of them.

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