Larry Ellison, co-founder of Oracle, gained $75 billion in paper wealth as the company's stock rallied 63% in 2024, making his net worth over $217 billion.

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Google CEO Sundar Pichai told employees that 2025 will be a critical year due to increased competition, regulatory hurdles, and rapid advancements in artificial intelligence.

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OpenAI plans to become a public benefit corporation in 2025 to facilitate commercial operations and raise more capital. The company states that the significant investments in AI development by major companies highlight the financial resources needed to achieve its mission.

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Google's strong earnings report in April alleviated concerns that the company was falling behind in artificial intelligence, despite Wall Street viewing the results differently than Google's employees.

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Waymo, owned by Alphabet, made progress towards commercial viability in the U.S. robotaxi market in 2024, despite challenges faced by other companies like Cruise and Argo.AI.

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The Nasdaq's 33% rally this year is partly driven by advancements in artificial intelligence. Companies like Nvidia, which produces AI chips, have benefited significantly.

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Digital health companies experienced a decline in 2024, with two-thirds of 39 public companies analyzed by CNBC showing a decrease in value, while others went out of business.

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President-elect Donald Trump has nominated Scott Kupor, a managing partner at Andreessen Horowitz, to be director of the Office of Personnel Management. Trump also picked Sriram Krishnan as senior policy advisor for artificial intelligence at the White House Office of Science and Technology.

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At Meta's Connect event in 2024, CEO Mark Zuckerberg committed the company to an 'all or nothing' approach to artificial intelligence, increasing infrastructure investments by up to $10 billion.

Source: https://search.cnbc.com/rs/search/combinedcms/view.xml?partnerId=wrss01&id=19854910

MicroStrategy's founder Michael Saylor recalls the company's stock market debut in 1998, where he stayed in a luxurious hotel room paid for by lead underwriter Merrill Lynch.

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