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WSJ Tech News Briefing

To Cozy Up With Elon Musk, This VC Has Invested Billions

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.31.7K Ratings

🗓️ 11 September 2024

⏱️ 12 minutes

🧾️ Download transcript

Summary

To gain entry into Elon Musk’s orbit and ensure access to funding rounds for his companies, two investors have essentially committed their venture firm to serving Musk’s needs. WSJ reporter Berber Jin joins host Zoe Thomas to explain how the investing strategy has worked out for the pair and what it says about Silicon Valley more broadly. Plus, could Oracle’s late arrival in cloud computing be an advantage in the AI boom? Sign up for the WSJ's free Technology newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Ecolab water for climate, less water, more growth.

0:04.0

Results will vary.

0:06.0

Learn more at Ecolab.com slash Ewc.

0:09.0

Ecolab water for climate, transforming the way the world thinks about water.

0:19.1

Welcome to Tech News Briefing. It's Wednesday, September 11th. I'm Zoe Thomas for the Wall Street Journal.

0:26.0

Oracle arrived late to cloud computing and its trailed competitors,

0:30.3

Microsoft, Amazon, and Google in the space.

0:33.0

But in the artificial intelligence boom,

0:36.0

that delayed entry could be the key to its success.

0:39.0

We're going to tell you why.

0:41.0

And then, to get into Elon Musk's orbit two investors have

0:46.4

essentially committed their venture firm to serving him. Our reporter

0:50.8

Burber Jin will bring us that story and tell us what it says about Silicon Valley investing.

0:59.0

But first, Oracle built its name on relational database software.

1:04.4

Its future could be more about AI.

1:08.0

That's because the 47 year old tech giant has carved out a place for itself,

1:12.3

providing cloud services to companies

1:14.4

training AI models. These include notable players in the space like open AI and

1:19.6

ex-AI. Here to tell us more is our reporter Tom D'Tan.

1:24.0

Tom Oracle was behind other big players in building out its cloud computing business,

1:29.0

but you're reporting that may have given the company a late mover advantage.

1:33.2

How so?

...

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