Author: OMN AI

Oracle co-founder Larry Ellison has overtaken Elon Musk as the world’s richest person after Oracle shares surged.His 41% stake is now valued at $393bn, compared with Musk’s $384bn fortune, according to Bloomberg.Oracle stock jumped more than 40% in early trading to $340 a share, valuing the company at $958bn.It marked Oracle’s largest single-day increase and the biggest wealth gain ever on Bloomberg’s index.Ellison, 81, also owns Tesla shares, a Hawaiian island, a sailing team, and the Indian Wells Open tennis event.Musk and Ellison share close ties, with Ellison investing $1bn in Musk’s Twitter takeover in 2022.Musk frequently visits Ellison’s Hawaiian…

Artificial intelligence is leading the tech world, and voice AI startups are quickly becoming the hottest area for investment. Venture capital funds are flowing into these companies as investors look for the next big opportunity. Data shows that voice AI startups have seen rapid growth over the last 12 to 18 months. Many companies in this space have tripled their valuations, signaling strong market demand and long-term potential. One notable example is ElevenLabs, a Brooklyn-based company that lets creators and businesses replicate voices in multiple languages using AI software. The startup first reached unicorn status in January 2024 with an…

Reflection AI, an AI startup focused on coding automation, is nearing a $5.5 billion valuation in a planned $1 billion funding round. The deal, if completed, would mark nearly a tenfold increase from its previous valuation of $545 million just six months ago. The upcoming round is expected to include Nvidia’s venture arm with at least $250 million in investment. Other major backers are likely to include Sequoia Capital, Lightspeed Venture Partners, and DST Global, signaling strong confidence in the startup’s growth potential. Reflection AI was founded in 2024 by Misha Laskin and Ioannis Antonoglou, former researchers at Google DeepMind.…

A federal judge has blocked President Donald Trump’s attempt to remove Federal Reserve board member Lisa Cook, allowing her to stay in her role while challenging the firing in court. The U.S. District Court for the District of Columbia granted Cook a preliminary injunction on Tuesday. This prevents her removal as the legal dispute unfolds. Judge Jia Cobb said Cook is likely to succeed in her lawsuit, which seeks to overturn Trump’s dismissal. Trump announced he was firing Cook on August 25, citing allegations that she committed mortgage fraud on two properties purchased in 2021. The claims, raised by one…

Venezuela gave Donald Trump $500,000 before he became president. This donation came from the government of Nicolás Maduro, Venezuela’s leader, through the state-owned oil company PdVSA and its U.S. branch, CITGO. The money, worth nearly $670,000 today, went to Trump’s first inaugural committee in 2016. At the time, Trump had not yet taken harsh actions against Venezuela. He had not authorized military strikes, ordered sanctions, or targeted Venezuelan civilians. For the inauguration, the funds helped finance lavish events. In fact, the inaugural committee raised so much money that $26 million was left over. This surplus paid an event planning company…

Apple will debut its slimmest iPhone during Tuesday’s “awe-dropping” product event at its Cupertino headquarters. The iPhone 17 lineup includes standard, Pro, Pro Max, and a new model called iPhone Air, Apple’s lightest flagship yet. The company will also reveal the Apple Watch series 11 and updated AirPods, possibly featuring live translation capabilities. Apple plans to announce launch dates for iOS 26 and macOS Tahoe, alongside tariff concerns that could raise device prices. CEO Tim Cook has reduced risk by shifting production to India and accelerating US shipments before tariffs take effect. Observers await updates on Apple Intelligence, including Siri’s…

Israeli forces attacked Hamas leadership in Doha on Tuesday, targeting senior officials in operation “Summit of Fire.” Prime Minister Netanyahu’s office confirmed Israel independently planned and executed the strike, taking full responsibility for the action. Eyewitnesses reported multiple explosions and smoke rising over the Katara district in northern Doha. Casualty Reports Remain Unclear Initial unconfirmed reports suggested all four Hamas Political Bureau members were killed or missing. Qatari authorities said no deaths had been confirmed but acknowledged residential buildings housing Hamas officials were struck. The Qatari Foreign Ministry condemned the attack, calling it reckless, and launched top-level investigations immediately. Regional…

Authorities have charged Frédéric Péchier with poisoning 30 patients at Besançon clinics from 2008 to 2017. Twelve patients died. Investigators focused on Péchier after Sandra Simard suffered cardiac arrest during routine surgery. They found a lethal potassium dose in her anaesthesia bag. Alleged Tampering with Medical Supplies Prosecutors claim Péchier contaminated infusion pouches to sabotage colleagues and then assisted during resuscitations. They say he “always had a solution.” Péchier, a father of three, denies all charges. Victims ranged from 4 to 89 years old. His defence vows to prove his innocence. Trial Presents Major Challenges The trial, running until December,…

Volkswagen says it is close to striking a tariff deal with the US after Donald Trump’s import levies cost the company billions. CEO Oliver Blume said the 27.5% tariffs on European cars and parts, imposed in April, have hit the group’s balance sheet by “several billion euros” this year. While the US has agreed to cut the rate to 15%, Blume warned it would still “be a burden” on Europe’s largest carmaker, which owns Audi, Seat and Porsche. VW is pushing for a separate deal by pledging “massive” US investment, potentially including local Audi production and exports from American plants.…

US President Donald Trump warned Hamas on Sunday to accept a US-brokered ceasefire, claiming Israel already agreed. He posted on Truth Social: “Everyone wants the Hostages HOME. Everyone wants this War to end! This is my last warning. There will not be another one.” US Proposal Offers Hostage Exchange US Special Envoy Steven Witkoff reportedly delivered the proposal to Hamas. The deal promises US support to end Israel’s military operations if Hamas releases all hostages immediately. Israel would then free up to 3,000 Palestinian prisoners. Hostages Remain, Pressure Mounts Officials report 48 hostages remain in Gaza, with only about 20…