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Larry Ellison Backs $500B AI Investment and Major Mergers

3/28/2026

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Ellison Drives AI Investments

Larry Ellison, Oracle co-founder, remains influential in tech and entertainment after stepping down as CEO, with a $190 billion net worth.
He backs U.S. President Donald Trump’s Stargate project to invest $500 billion in U.S. AI infrastructure.
Ellison helped acquire TikTok’s U.S. operations, backing a $110 billion merger between Paramount and Warner Bros. Discovery.
He joined the President’s Council of Advisors on Science and Technology to shape U.S. AI policy.

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Trump Appoints Tech Advisors

U.S. President Donald Trump appointed 13 executives, including Larry Ellison and Mark Zuckerberg, to the President’s Council of Advisors on Science and Technology (PCAST).
The council, co-chaired by David Sacks and Michael Kratsios, will advise on artificial intelligence, cryptocurrency, and other technologies.
Ellison has strengthened ties with Trump, supporting a $500 billion investment in AI infrastructure.
The council may expand to 24 members as more appointments are expected soon.

History

Historical Context

Established on September 30, 2001, by President George W. Bush, the President’s Council of Advisors on Science and Technology (PCAST) advises the U.S. president on science and technology policy. Its evolution reflects the growing influence of tech leaders, with recent expansions to 24 members, including figures like Larry Ellison, highlighting the council's role in shaping critical issues such as artificial intelligence and cryptocurrency.

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Ellison Drives AI Investments

Larry Ellison, Oracle co-founder, remains influential in tech and entertainment after stepping down as CEO, with a $190 billion net worth.
He backs U.S. President Donald Trump’s Stargate project to invest $500 billion in U.S. AI infrastructure.
Ellison helped acquire TikTok’s U.S. operations, backing a $110 billion merger between Paramount and Warner Bros. Discovery.
He joined the President’s Council of Advisors on Science and Technology to shape U.S. AI policy.

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