fromBusiness Insider
11 hours ago8 of the world's 10 richest people have seen their wealth drop this year as AI jitters grow
Ellison has seen his personal wealth slump by an unrivaled $47 billion to $200 billion as of Tuesday's close, reflecting a 23% plunge in Oracle stock year to date. Investors have grown more skeptical about the database giant's AI infrastructure buildout, particularly as big names such as Michael Burry of "The Big Short" have warned the strategy won't pay off.
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