Business News

AI hype has just shaken up the world’s rich list. What if the boom is really a bubble?

Written by Angel Zhong, Professor of Finance, RMIT University

Just for a moment this week, Larry Ellison, co-founder of US cloud computing company Oracle, became the world’s richest person. The octogenarian tech titan briefly overtook Elon Musk after Oracle’s share price rocketed 43% in a day, adding about US$100 billion (A$150 billion) to his wealth.

The reason? Oracle inked a deal to provide...

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