Oracle’s Late AI Bet Sends Shares Soaring, Ellison Tops Musk as World’s Richest Man
In brief Oracle’s AI pivot pays off: Shares surged over 30% as the company projected $455 billion in booked future revenue and faster cloud growth. Oracle’s neutral AI stance and ability to run models like ChatGPT inside its database stack drew major enterprise demand. Founder Larry Ellison’s fortune swelled by nearly $100 billion, making him…