Oracle’s $300B AI Deal, Ellison Tops Rich List, Anthropic Adds Memory, Pentagon Launches Satellites

Important: If you're reading this in the Promotions tab, please drag it to your Inbox and click ‘Yes’ when your email provider asks to do it for future emails.

Larry Ellison is $100 billion richer after blowout Oracle earnings report
(Click 👆️ to read more)

• Oracle’s strong earnings, especially driven by demand for AI infrastructure, caused its stock to jump ~36%, pushing its market value near $933 billion.

• This surge boosted Larry Ellison’s net worth by over $100 billion in a single day—reportedly the largest one-day gain ever recorded by Bloomberg’s Billionaires Index.

• For that brief period, Ellison overtook Elon Musk to become the world’s richest person.

Perplexity reportedly raised $200M at $20B valuation
(Click 👆️ to read more)

• Perplexity, an AI search startup, secured $200 million in new funding, valuing the company at around $20 billion.

• This came just two months after it raised $100 million at an $18 billion valuation—so it’s seen a ~$2 billion jump in value in a short span.

• The raise highlights increasing interest in AI-powered search offerings, positioning Perplexity as a serious competitor to Google in conversational and generative search.

Pentagon begins deploying new satellite network to link sensors with shooters
(Click 👆️ to read more)

• The Space Development Agency (SDA) has launched 21 satellites as part of Tranche 1 of its Transport Layer in the Proliferated Warfighter Space Architecture (PWSA).

• These satellites, made by York Space Systems, aim to enable a mesh-network in low Earth orbit to relay data between sensors (e.g. missile warning, reconnaissance) and shooters—i.e. weapons systems.

• The launch campaign, delayed by about a year, will continue with monthly launches until this first tranche is complete. In total, this tranche will eventually include around 100-plus satellites.

OpenAI reportedly signs $300 billion Project Stargate cloud deal with Oracle
(Click 👆️ to read more)

• OpenAI has agreed to purchase about $300 billion in cloud and computing infrastructure from Oracle over roughly five years, starting in 2027, under “Project Stargate”.

• As part of the deal, OpenAI needs ~4.5 gigawatts of capacity—massive infrastructure on a scale that supports its expanding data center ambitions.

• This contract has contributed heavily to Oracle’s growing AI infrastructure business, boosting its backlog of future contracts and helping fuel the rise in Ellison’s wealth.

Bringing memory to teams at work
(Click 👆️ to read more)

• Anthropic has added a “memory” feature to its Claude AI product (Teams and Enterprise plans) so that Claude can remember user preferences, project contexts, and priorities automatically over time.

• There is also an incognito chat mode where conversation threads are excluded from memory.

• These updates aim to improve continuity in work (projects, designs, workflows) and align with similar memory features in other AI platforms.

OpenAI says nonprofit parent will own equity stake in company of over $100 billion
(Click 👆️ to read more)

• OpenAI has confirmed that its nonprofit parent organization will own an equity stake worth more than $100 billion in its commercial arm under restructuring plans.

• Despite this, the nonprofit parent will retain control—meaning governance and oversight even as the company grows more commercially oriented.

• The move is part of a nonbinding memorandum of understanding with Microsoft, and it’s being positioned to allow OpenAI to scale its commercial output while anchoring in its mission and research-oriented roots.