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World’s rich list rattled by AI hype

September 15, 2025, 03:41 PM - 7 min read

Larry Ellison, co-founder of US cloud computing company Oracle, became the world’s richest person briefly. While his moment in the spotlight was fleeting, it also illuminated something far more significant: AI has created extraordinary levels of concentration in global financial markets.

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Competing with well-known platforms like OpenAI’s ChatGPT and Google’s Gemini, the three-year-old Artificial Intelligence (AI) firm, estimated at $18 billion, launched an AI-powered browser called Comet last month

Perplexity AI makes surprise bid for Google Chrome

August 13, 2025, 04:02 PM - 3 min read

The AI start-up has made an offer to buy Chrome for $34.5bn, which is being touted as a “stunt” that’s much lower than Chrome’s true value; it’s also unclear whether the platform is even up for sale

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