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Larry Ellison's AI Fortune Keeps Growing While Oracle Cuts Jobs: Here's Why

Summary by IBTimes UK

Artificial intelligence is making Larry Ellison richer than ever, even as Oracle reduces its workforce. The Oracle co-founder has seen his fortune continue to climb as investors reward the company's aggressive push into AI infrastructure, despite layoffs affecting parts of its business. The contrast reflects a broader shift across the technology sector, where Wall Street is increasingly valuing companies for future AI growth rather than the size…

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1 Articles

Larry Ellison's AI Fortune Keeps Growing While Oracle Cuts Jobs: Here's Why

Artificial intelligence is making Larry Ellison richer than ever, even as Oracle reduces its workforce. The Oracle co-founder has seen his fortune continue to climb as investors reward the company's aggressive push into AI infrastructure, despite layoffs affecting parts of its business. The contrast reflects a broader shift across the technology sector, where Wall Street is increasingly valuing companies for future AI growth rather than the size…

22 hours ago·United Kingdom

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100% Left

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IBTimes UK broke the news in United Kingdom 22 hours ago on Monday, June 29, 2026.

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