archiveLarry Ellison

Oracle and OpenAI executives announcing the $300B AI cloud computing deal
AIArtificial IntelligenceIn the News

Here’s Why Wall Street Is So Surprised by the Oracle-OpenAI Deal

Oracle and OpenAI have just announced a landmark partnership within the tech world that is already sending shockwaves across the industry. Valued at an estimated $300 billion over the next five years, the deal not only refashions the artificial intelligence infrastructure of the world’s two most populous nations but also...
Oracle headquarters building with AI-driven growth chart highlighting approach to trillion-dollar market cap
AIArtificial IntelligenceIn the News

Oracle Slows Down After Record Streak Pushed by A.I., Inches It Toward $1 Trillion Club

Oracle Corporation has been on an extraordinary stock market tear for months, as investors have cheered its enthusiasm for artificial intelligence (AI) and the company’s ascendance in the cloud-computing competition. But following record highs and a tantalizing brush with the magical $1 trillion market-capitalization figure, the technology giant’s share price...
Larry Ellison celebrating as the world’s richest person with Oracle stock performance in the background
AIArtificial IntelligenceIn the News

Larry Ellison Overtakes Elon Musk as World’s Wealthiest Person With Riches of $393 Billion

In a surprising shake-up at the very top of world wealth rankings, Oracle co-founder Larry Ellison surpassed Elon Musk to become Earth’s wealthiest person. According to the latest billionaire rankings published this week, Ellison’s wealth has rocketed to an estimated $393 billion, surpassing Musk’s and making the 80-year-old tech mogul...