Tech billionaires

US sanctions propel Chinese AI prodigy to US$23 billion fortune

Shares of the chip designer Cambricon Technologies have surged more than 765% over the past 24 months

Mark Zuckerberg’s US$29.2 billion drop is the fourth-largest one-day market-driven decline ever recorded by Bloomberg’s wealth index.

Zuckerberg drops two spots in billionaire ranks as Meta AI plans shake investors

The company has reported third-quarter sales and profit that topped estimates, sending shares surging in after-hours trading

At last count, Meta is said to have recruited more than 50 people to turbocharge its AI ambitions, at least 21 of which were from rival firm OpenAI.

Opinion & Features

THINKING ALOUD

Meta has an algorithm problem – just not the one it thinks it has

The tech giant, in its quest to solve cutting-edge problems, has aroused primal instincts

Larry Ellison is planning new ways to leverage his soaring wealth.

International

Oracle’s Larry Ellison overtakes Mark Zuckerberg as world’s second-richest person

Oracle has been a key winner as investors have piled into artificial intelligence stocks

The sale follows a familiar pattern for Dell, who also sold two blocks of 10 million shares in September, generating more than US$2.3 billion.

Companies & Markets

Billionaire Michael Dell reaps US$1.2 billion from stock sale

[NEW YORK] Dell Technologies chief executive Michael Dell sold US$1.2 billion worth of shares in his namesake computer company, reducing his stake by about 3 per cent, according to a Friday (Jun 27) f...

No single person should lead a platform for billions of users for more than a decade, never mind more than 20 years, as Zuckerberg has.

Opinion & Features