Oracle co-founder Larry Ellison, world’s second-richest man, is setting up a global tech institute

Oracle co-founder Larry Ellison has announced a major shift in his philanthropic approach, revealing the launch of a new technical institute aimed at solving global challenges. The initiative, called the Ellison Institute of Technology (EIT), has been founded in partnership with the University of Oxford.

Posting on X (formerly Twitter), Ellison wrote, “Years ago, along with Bill Gates, Warren Buffett and others, I declared support for the Giving Pledge because I believed and continue to believe that practicing philanthropy by giving to nonprofit…