US tech group Oracle on Monday said it plans to invest $5 billion in the UK over the next five years to meet “rapidly growing demand” for cloud services helping drive artificial intelligence.

“The investment will expand Oracle Cloud Infrastructure’s footprint in the UK and help the UK government deliver on its vision for AI innovation and adoption,” Oracle added in a statement.

Prime Minister Keir Starmer has pledged to ease red tape to attract billions of pounds of investment to help make Britain an “AI superpower”.

Oracle’s founder, Larry Ellison, is a close ally of US President Donald Trump, with whom Starmer is hoping to strike a post-Brexit trade deal.

“By working with global tech leaders like Oracle, we’re cementing the UK’s position at the forefront of the AI revolution,” Britain’s technology minister Peter Kyle said in the joint statement.

Britain currently has the third-largest AI industry after the United States and China.

Starmer’s administration has estimated that AI could be worth £47 billion ($61 billion) to the UK each year over a decade.

The government had already announced that three tech companies — Vantage Data Centres, Nscale and Kyndryl — would commit to spending £14 billion on AI in the UK, leading to the creation of more than 13,000 jobs.

However, there are concerns that sector-wide implementation of AI could result in job losses as the technology replaces tasks carried out by humans.

The UK is seeking clarification on the application of copyright law to AI, which it says aims to protect the creative industry despite widespread concern among artists.

This story was originally featured on Fortune.com

• Gen Z is expected to become the largest and richest economic force by 2035. According to a recent Bank of America report, the youngest generation of workers will amass over $74 trillion in income by 2040. It’ll be a stark—and welcome—change from their current reality of flying by the seat of their pants. 

Gen Z is living the paycheck-to-paycheck 20’s lifestyle—splurging on high rent costs and dishing out 99 cent ramen noodles. Yet in just a decade, they’ll be the most powerful economic force.

Only two years ago, Gen Z had amassed $9 trillion in income; but by 2030, they’re expected to have $36 trillion. And by 2040, that number rises to $74 trillion. A recent Bank of America report shows this will place them as the richest—and largest—generation by 2035, as Gen Z is expected to grow to 30% of the global population in the next decade. 

Gen Z’s projected economic dominance can feel worlds away from their current economic situation. But there might be light at the end of the tunnel as they climb up the corporate ladder and take on their family’s inheritance.

Gen Z’s current economic woes: no houses and no kids 

Many young people are strapped for cash, stepping out of college and into an uncertain job market. Gen Z is having to turn down job opportunities because they can’t afford commuting expenses; spoiling their pets in lieu of having children, which have become too expensive to raise; and abandoning the pipe dream of purchasing a home—unless they receive inheritance. 

Gen Z is also struggling with holding down a job: young households receiving unemployment surged 32% year-over-year in February, according to the report. But it’s not for a lack of trying, despite the naysayers. The report says Gen Z are “overeducated and underemployed,” and amid a tough white-collar labor market, unemployment for new entrants was up over 9% year-over-year in February. This results in Gen Z taking up gigs that they may be overqualified or not the right fit for, which can have long-term career ramifications. 

Yet in just 10 years, this could all flip on its head. The Bank of America report notes that wage growth for Gen Z increased by 8% year-over-year in February. A part of this bump can be attributed to the generation finally entering the full-time job market, leading to higher wages. But the biggest contributing factor in their financial come-up is the “great wealth transfer,” expected to hit Gen Z bank accounts in the years to come.

The great wealth transfer into the pockets of Gen Z

With the odds stacked against them, Gen Z’s best bet on living comfortably is coming into wealth. 

About $84 trillion is anticipated to pass down from seniors and baby boomers to Gen X, millennials, and Gen Z by 2045, according to a 2021 report from Cerulli Associates. Most of the money will be handed over to Gen X and millennials—but 38% of Gen Z still anticipate they will receive an inheritance, according to a separate survey.

Gen Z’s share of the pie, alongside their stark wage increases, will lead to a ballooning of their economic power. Even in the current day, the young generation is a force to be reckoned with. They have higher discretionary spending habits compared to others, and their global spending is expected to reach $12.6 trillion by 2030, compared to $2.7 trillion in 2024. Their spending growth per household has also been stronger than the overall population, including both necessity and discretionary spending, according to the report. 

There’s a few reasons why Gen Z spends so much of their money: they’re pouring funds into their high rents and education costs; “doom spending” on essentials and small luxuries, instead of saving up for bigger investments that feel unattainable; and are trying to escape their high credit card and student loan debt. 

But businesses should take note—once Gen Z has money to burn, they’ll be in the driver’s seat of the economy. Companies are already taking note of their preferences: luxury, e-commerce, wellness and beauty, and pets. Gen Z is also deeply invested in fintech, new media, gaming, and big tech, according to the Bank of America report. Their tastes will shape what business will thrive in 2035. 

“It’s likely they will be among the most disruptive generations to economies, markets and social systems,” the Bank of America report says. “Whether it’s due to changing diets or reduced alcohol consumption or saving and housing, Gen Z will redefine what it means to be a US consumer.”

This story was originally featured on Fortune.com

Across college campuses, business school students are gearing up for graduation—excited, uncertain, and determined to make their mark. To the class of 2025, I offer my best wishes—and some hard-earned lessons on navigating the road ahead.

First, know this: The business and tech world needs you. Every new generation brings fresh thinking, and today’s graduates are more prepared than ever for our fast-moving, data-driven economy. As AI and digital transformation continue to reshape industries, business leaders like me are eager to tap into your energy and ideas.

I was recently back at my alma mater, Northwestern University’s Kellogg School of Management, talking with MBA students about their transition into the workforce. One key takeaway I shared: Be ready for disruption.

When I was in their shoes 25 years ago, “digital transformation” wasn’t even in our vocabulary. Today, we live it every day. Generative AI is accelerating change across industries, making adaptability and soft skills—communication, collaboration, and the ability to learn on the fly—more critical than ever. Some of my most valuable lessons at Kellogg weren’t about business strategy or operations but about developing this kind of flexible mindset. If I could do it all over again, I’d seek out even more experiences that push me beyond the classroom, because those are the ones that truly shape your growth.

The least qualified person in the room

As you move up in your career, your area of expertise becomes just one part of the equation. People skills take center stage. Having recently marked five years as CEO of Informatica, I can tell you that much of my job isn’t about technology—it’s about people.

I’ll never forget my first leadership team meeting as CEO. Looking around the room, I realized I was the least experienced person there. My executives had spent years mastering their domains—far longer than I had been CEO. That moment reinforced something I had learned throughout my career: Success isn’t about knowing everything. It’s about surrounding yourself with great people, trusting their expertise, and building strong relationships.

This lesson applies at every level, from interns to chief experience officers. Early in my career, I leaned on mentors and colleagues for guidance. Now, as CEO, I do the same. No one succeeds alone.

Embracing change and iterating your career

The tech industry has always been fast paced, but with AI and automation redefining roles across fields, today’s graduates may face even greater uncertainty. My advice? Don’t fear change—embrace it. Disruption creates opportunities to innovate, learn, and add value in unexpected ways.

That mindset shaped my own career, which evolved in three major phases: engineering, product management, and ultimately leading a global tech company with over 5,000 employees. I couldn’t have predicted every step, but I stayed adaptable and open to new challenges. Some transitions required me to rethink traditional business models, but in every case, I focused on the future rather than clinging to the past.

Everyone’s journey looks different. Some graduates will join startups, others will work for Fortune 1000 companies. Some will change careers entirely or take time off to raise families before returning to the workforce. There’s no single route to success, and that’s a good thing.

Career paths aren’t always linear or easy. Some MBA grads today are struggling to find jobs. But setbacks are temporary. If you anticipate change and build the skills to navigate it, nothing will stop you from reaching your full potential.

The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.

This story was originally featured on Fortune.com