The World's Richest Man (For a Day)

Welcome back to In the Loop, new twice-weekly newsletter about AI. If you're reading this in your browser, why not subscribe to have the next one delivered straight to your inbox? When you think about the top echelon of the world's tech elites, Larry Ellison probably doesn't spring to mind. But on Wednesday, the 81-year-old chairman of Oracle briefly became the richest person in the world with a net worth of almost $400 billion, overtaking Elon Musk. Ellison's $100-billion jump was the biggest single-day gain ever, and the result of a promising Oracle growth forecast in which they advertised hundreds of billions of dollars in inbound revenue from AI companies using Oracle's cloud computing capabilities.