Goldman Sachs strategist Amanda Lynam estimates that $489 billion in AI-related debt has been issued in 2026, already surpassing the $322 billion issued in all of 2025, with Amazon, Alphabet, Oracle, …
Oracle's massive $300 billion cloud compute contract with OpenAI has driven its credit rating to the brink of junk status, with S&P Global downgrading it to BBB/A-2 and warning that OpenAI's financial…
Turing Award winner and Postgres creator Mike Stonebraker revealed that large language models score 0% accuracy on real-world data warehouse queries, contradicting the 80-85% reported on popular bench…
Turing Award winner and Postgres creator Mike Stonebraker revealed that large language models score 0% accuracy on real-world data warehouse queries, despite achieving 80-85% on popular benchmarks lik…
Brian Patrick, founder of Panodime, runs a daily social media series called AI Executive Insanity Series that highlights outlandish statements from AI executives, aiming to educate the public and advo…
Oracle co-founder Larry Ellison's net worth has surged to around $192 billion as investors reward the company's aggressive push into AI cloud infrastructure, even as Oracle cuts jobs in other areas. T…
Xprize founder Peter Diamandis argues that mass surveillance from satellites, autonomous vehicles, and connected devices will make humans behave better, citing studies on police body cameras. He envis…
Michael Dell, founder and CEO of Dell Technologies, has become the fifth-wealthiest person globally with a net worth of $216 billion, driven by a 225% surge in Dell's stock price this year. The compan…
Oracle disclosed in its fiscal 2026 SEC filing that AI adoption led to 21,000 job cuts, making it the first major tech company to formally attribute layoffs to AI in a regulatory document. The company…
Oracle cofounder Larry Ellison quietly donated about $45 million to a pro-Trump nonprofit during the 2024 campaign, according to The Wall Street Journal. Since then, Oracle has secured major governmen…
Oracle cut 21,000 jobs in fiscal 2026, reducing its workforce to 141,000, and explicitly blamed AI in its SEC filing, stating that the adoption and deployment of AI technologies resulted in workforce …
Billionaires like Peter Thiel, Mark Zuckerberg, and Larry Ellison invest their wealth in underwhelming hobbies such as a steroid-fueled Olympics, martial arts, and yacht racing rather than grand schem…
Elon Musk became the world's first trillionaire after SpaceX went public in June 2026, with his net worth more than tripling that of other billionaires. His wealth grew from under $30 billion in early…
Oracle plans to raise up to $50 billion in 2026 to fund a massive AI infrastructure buildout across the US, Japan, Malaysia, Germany, and the Netherlands. The company reported OCI revenue surged 93% y…
Elon Musk has become the world’s first trillionaire after SpaceX’s IPO pushed his net worth past the $1 trillion mark, 110 years after John D. Rockefeller became the first billionaire. Musk’s wealth, …
Oracle announced Wednesday it will raise an additional $40 billion in debt and equity financing next fiscal year, adding to the $43 billion in debt it already raised, as the company ramps up spending …
Dell Technologies shares surged over 30% on Friday after the company reported strong first-quarter growth in artificial-intelligence hardware and secured a $9.7 billion contract with the Pentagon to p…
Former Florida Attorney General Pam Bondi has been appointed to the Presidential Council of Advisors on Science and Technology, a panel that includes Meta CEO Mark Zuckerberg, Nvidia CEO Jensen Huang,…