The founder of Oracle, Larry Ellison, briefly passes Elon Musk to become the richest man in the world – and he has the CEO of Nvidia, Jensen Huang, to thank for that

Fortune Brainstorm Tech ended yesterday. Here are some protruding points of the last day of the conference:

• Tom Hale, the CEO of Oura, told the public that although overall portable sales are stable or even down, sales of the intelligent ring of his business have more than doubled in the past year. Particularly popular is a health coach propelled by AI who analyzes the ring data and provides suggestions of tailor-made well-being.
• Neil Vogel, CEO of Publisher People Inc. – whose titles include people and food and wine – Said Google is the worst when it comes to compensating the publishers to use their content to train and improve AI models. The research giant refused to concede the content of press organizations and publishers, while other AI laboratories have concluded license agreements. “Some AI stores are good players. Openai is a good guy,” said Vogel. “The worst guy is Google.”
• Hayden Brown, Upwork CEO, said that this summer, the hiring site had seen a separate change in the most important qualifications that employers were looking for candidates. While once they have favored in-depth technical know-how, they are increasingly looking for general skills and skills of people because AI automates technical work and facilitates the effectiveness of less technical employees.

Meanwhile, the world of technology talks about the massive gains of Oracle, who stimulated the founder, president and chief of technology of Larry Ellison technology, allowing him to go beyond Elon Musk to claim the title of the richest man in the world. Helping to conduct Oracle shares was the announcement of a massive $ 300 billion agreement with OPENAI to provide AI with data center capacity. (Now we know why Openai tells investors that he will burn with 115 billion dollars in cash by 2029.) Of course, the only reason why Oracle is in this post is at the Court of Courtification by Ellison of the CEO of Nvidia, Jensen Huang, which allowed his company, before a cloud company in the hinterland, to obtain a massive stock of the company Nvidia GPUS. More information on Ellison’s arrow fortune below.

Buy, the IPO of Fintech Pay-Lasting Klarna was conducted, the shares of the company winning 15% on the day of the opening. (That this “pop of the opening day” is a good thing is a debate for another day. It seems that the financial teachers have mainly lost the argument, the bankers convincing the companies that the money lost in the shortening of the actions is worth its weight in the marketing and the buzz of the opening day investors.)

Béatrice Nolan has more on Sam Altman, the conservative Tucker Carlson diffuser. While Altman said a number of interesting things – most of which have already said – the real news was the fact that ATLMAN felt the need to do Carlson’s podcast first. Clearly Openai has seen information that Maga’s crowd is not satisfied with President Donald Trump’s comfortable relationship with the biggest players of Silicon Valley and hopes to win them.

The Maga wing of the Republican Party considers IA companies with skepticism at best and at worst, disdain it, considering them awakened bastions of coastal elitism of the left wing, copies of the insidious and arbitrary power of Silicon Valley, and in their quest for the construction of the cut. You can watch Carlson press altman on these points throughout the podcast, while Altman tries, often awkwardly, to adorn the premise of Carlson’s questions, or to ensure Carlson that there is really not as much ideological distance between them as Carlson seems to suppose. All this is slightly Décingy (in particular the facial expressions of Carlson). But, despite the grinding factor, it is probably worth looking at, if only to have a deeper idea of ​​the reasons why Maga is wary of Silicon Valley in general and in particular.

Ok, now here are more technological news.

—Jeremy kahn

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Frost-Nixon meets Carlson-Altman

The couple also discussed the co -founder of Openai, Elon Musk, with Altman saying that he “now feels differently” about the man he considered as an “incredible hero”. Maybe it’s Because of the prosecutionor the X spots.

In a tense moment, when the couple discussed the death of Openai Whistleblower by Sumir Balaji, Altman asked if Carlson accused him of murder after the host of the Podcast declared death, which the authorities judged as a suicide, “definitively the murder”.

“I did not do too many interviews where I was accused of murder,” said Altman.

—Beatrice Nolan

The brief passage of Larry Ellison as the richest man in the world

Oracle’s revenue projections sent the title and the clear value of Ellison, skyrocketed on Wednesday. It was bad news for the old friend Elon Musk, however, whose reign almost a year as the richest man in the world came to a brief END. (Oracle Stock fell a little before closing, allowing Musk to find the title.)

The strong quarterly results of Oracle added $ 101 billion to the richness of Ellison at one point, increasing his fortune to $ 393 billion and exceeding $ 385 billion in musk, according to the Bloomberg billionaire index. The amazing increase was the largest increase of one day ever recorded by the index.

Oracle’s stock jumped 36% Wednesday– The largest increase in the day of the company of all time – managers reported eruption reservations and gave hassier cloud prospects. The rally adds to the 45% gain that the company has already marked this year.

THE Wall Street Journal indicated that the majority of new revenues will come from Openai, who signed an narcotic Cloud contract of $ 300 billion with Oracle. The IA company will operate Oracle’s IT infrastructure under the billions of dollars, which is one of the largest cloud contracts ever signed. The commitment far exceeds OpenAi’s current income.

Oracle’s income projections shocked analysts, who said CNBC they were “Blownway” and “all kinds of shock”. Some, however, urge prudence, Warning The unprecedented success has made the stock overvalued.

–Béatrice Nolan

What, you mean that the teams are not as good as being there?

Microsoft represses its hybrid working policy.

The technology giant requires a minimum of three days current per week for employees from February 2026, According to a Initiate of Business report.

Policy will first apply to staff in the Seattle region, later nationally and global. Workers have until September 19 to request exceptions. Microsoft has deployed a flexible working policy after the offices reopened the pandemic closings where employees were allowed to work at home up to half of the time without official approval.

This decision follows similar stages of the rivals of large technologies, notably Meta and Google, which already apply similar RTO rules. The stricter approach occurs when the company increases the pressure on employees, reshaping performance expectations in order to prepare for the next IA growth phase.

Microsoft AI Division staff, led by the co -founder Deepmind, Mustafa Suleyman, will be confronted with an equal stricter:: Four days a week on the site from January 2026, with exceptions only granted at the highest levels.

—Beatrice Nolan

Pop goes the Swedish fintech

Clear 15% in its beginnings on Wednesday trade.

The fintech actions of Swedish origin closed at $ 45.82, 15% above the price of the $ 40 offer. CEO Sebastian Siemiatkowski has experienced the list as proof that Klarna goes beyond wider banking productsEven if the value of the company has dropped well below its peak of 2021.

The closing price values ​​the company more than $ 17 billion depending on its current actions, with share purchase options and mandates adding slightly to this figure. THE Business beginnings Also made tens of millions of staff members and its billionaire co -founders.

Registration arrives in the middle of a resurgence in the market for IPOs, which was under pressure, with companies such as Figma making its debut with solid performance. Klarna’s beginnings did not quite make the same splashes as that of Figma in July, which saw the title more than triple of its supply price.

—Beatrice Nolan

More technology

–Meta and Tiktok mark a victory against EU’s technology costs. But will not receive money while managers reformulating the levy.

–The new Apple AI directives are suitable for Trump. Society has marked Dei as a “controversial” subject.

–Reddit removes the number of subscribers from the layers. The platform will switch to the display of weekly active visitors.

–Zoox belonging to Amazon launches the public service in Las Vegas. It is limited to pickups and departures to a selected number of pre-approved locations.