Larry Ellison Is a'Shadow President' in Donald Trump's America The Ellison family is cornering the market on attention and data the same way the Vanderbilts did railroads and the Rockefellers did oil. Save this storyIn Trumpworld, Larry Ellison gets more credit than anyone else for operating in the shadows. Over a drink earlier in Donald Trump's second term, one of the president's advisers described the Oracle cofounder, chairman, and chief technology officer to me as a literal "shadow president of the United States," if not necessarily the shadow president. In the months since, Ellison, who's been trading the title of "richest man alive" with Elon Musk lately, has begun to live up to the moniker. Musk is almost starting over from scratch, working his way back into Trump's good graces by seeming to pretend that whole ugly breakup and half-baked ploy to form a third party never happened. Rupert Murdoch is 94 years old and ceding more control of his media empire to his son Lachlan.

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.

Larry Ellison, the co-founder of software company Oracle, is having a good year. His friend Donald Trump is in the White House, his son David Ellison has taken over the storied media company CBS, and on Wednesday he surpassed his buddy Elon Musk to win the title of the "world's richest man". Oracle's stock went wild with the news, pushing his fortune even higher. Ellison's net worth shot up to $393bn, surpassing Musk's $384bn - although, by the time markets closed on Wednesday, Musk was back ahead. Ellison is not as much of a household name as Musk, but he's largely influential in Silicon Valley and more recently, politics.

Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. This week has demonstrated that the tech "broligarch" who's most influenced President Donald Trump's second administration isn't Elon Musk, Peter Thiel, or Marc Andreessen--it's Oracle co-founder Larry Ellison, the 80-year-old software tycoon who recently became the second-richest man in the world. Just look at everything that's gone his way. On Thursday evening, the Federal Communications Commission finally voted to approve Paramount's 8.4 billion merger with fellow entertainment firm Skydance Media. The controversial, long-awaited deal only came about thanks to Paramount's appeals to this administration: settling a baseless lawsuit that Trump brought against 60 Minutes for "deceptively" editing its Kamala Harris interview, pressuring subsidiary CBS News to shift its "balance" in a right-wing direction, and canceling presidential foe and beloved comedian Stephen Colbert's highly rated late-night talk show.

The world's richest tech billionaires increased their fortunes by 750 billion last year - with Amazon founder Jeff Bezos and Facebook tsar Mark Zuckerberg topping the list. Forbes has released its annual roster of the world's wealthiest technology tycoons - and the profit increases they saw in 2023 are eye-watering. Bezos, 60, added 80 billion to his net worth, while Zuckerberg, 39, enjoyed a whopping 113 billion increase to his net value. Of the planet's 342 billionaires who made their fortune in the tech industry - earning a combined income of 2.6 trillion last year - Bezos tops the list. Bezos' net worth surged 80 billion to 194 billion in 2023, according to Forbes.

SAN FRANCISCO--Oracle Chairman and CTO Larry Ellison laid out his vision for the "world's first truly autonomous cloud," a vision that takes the concept behind trends such as self-driving cars and planes and applies it to cloud computing. The result is Oracle database, infrastructure, and other IT services that are more secure, reliable, flexible, and cost-efficient than competing cloud services. During his opening keynote at Oracle OpenWorld on September 16, Ellison explained how the most important benefits from autonomous systems will come from eliminating human errors. In cars, eliminating such errors avoids accidents, he said. In technology, it eliminates common user errors that expose data to hackers. Ellison focused on two pillars of the company's autonomous cloud strategy: Oracle Autonomous Database and Generation 2 Oracle Cloud Infrastructure.

Machine learning, artificial intelligence and Autonomous services will require less human intervention in protecting enterprise infrastructure in the near future. Akshay Aggarwal, Director, Solution Specialist, Oracle India tells Brian Pereira how cyber security is evolving. And no, this is not straight out of a science fiction movie. All this is reality today. DC: The volume of security breaches is so high that it is not possible for humans to monitor and contain every single attack.