Ellison Urges AI-Driven Government Data

FINANCE
Ellison Urges AI-Driven Government Data

Oracle co-founder Larry Ellison has urged governments to consolidate citizen data into a single database to improve AI-driven public services, cut costs, and reduce fraud. Speaking at the World Governments Summit in Dubai, he argued that while government agencies collect vast amounts of data, it remains fragmented across thousands of databases, limiting AI’s potential.

Ellison highlighted healthcare as a key area where AI could reduce costs and improve early diagnoses—but only if AI models can access comprehensive medical records, diagnostic data, and genomic information. He also pointed to AI’s ability to detect government fraud, citing Elon Musk’s cost-cutting efforts in the U.S.

However, centralized data raises cybersecurity concerns, as hackers often target government systems. To mitigate risks, Ellison emphasized the need for domestic data centers for privacy protection. Despite security challenges, he believes modernizing digital infrastructure is critical for more efficient governance and improved public services.

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ECONOMY
Trump Seeks Ukraine’s Rare Earth Minerals

The Trump administration has proposed that the United States receive 50% ownership of Ukraine’s rare earth minerals as repayment for U.S. military and financial aid. The proposal, presented by Treasury Secretary Scott Bessent to Ukrainian President Volodymyr Zelenskyy in Kyiv, also suggests the potential deployment of U.S. troops to guard these resources if a peace deal is reached with Russia.

Zelenskyy declined to sign the agreement, stating that he needed time to review the terms with legal advisors before further discussions in Munich with Vice President JD Vance and Secretary of State Marco Rubio. Trump, who has expressed interest in securing $500 billion worth of Ukraine’s mineral resources, claims Kyiv is open to the deal.

Defense Secretary Pete Hegseth has ruled out U.S. troop deployment, though Vance has suggested it remains a possibility if Russia fails to negotiate in good faith. The White House has yet to comment on the proposal.

CRYPTO
GameStop Considers Bitcoin Investment Strategy

GameStop CEO Ryan Cohen recently posted a photo of himself with Bitcoin advocate Michael Saylor, fueling speculation that the video game retailer may invest in Bitcoin. According to CNBC, three sources confirm GameStop is exploring alternative asset investments, including crypto.

Bitcoin has surged from $60,000 to $100,000 over the past six months, driven in part by Donald Trump’s pro-crypto stance. GameStop shares rose 5% following reports of potential BTC investments.

Despite its $3.45 billion cash reserve, GameStop has yet to outline a clear business strategy. Cohen has cut costs by closing stores, but revenue has fallen 27% year-over-year.

GameStop could follow MicroStrategy’s model, where Michael Saylor transformed his company into a Bitcoin holding entity. However, it remains unclear if GameStop can generate the same investor excitement as the first publicly traded company to embrace Bitcoin as a primary reserve asset.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.