"Clearly, we had an amazing start to the year because Oracle has become the go-to place for AI workloads,"
"We have signed significant cloud contracts with the who's who of AI, including OpenAI, xAI, Meta, Nvidia, AMD and many others."
"We don't want to follow others. We always try to do something differently,"
"Being No. 1 is very, very important. I"
Oracle's stock doubled year-to-date and jumped over 30% in one week after a bullish earnings report, lifting market capitalization above $920 billion, surpassing Walmart and JPMorgan Chase. The surge pushed founder Larry Ellison's net worth to over $350 billion, putting him neck-and-neck with Elon Musk. CEO Safra Catz's net worth rose to about $3.4 billion, gaining roughly $400 million in hours. Oracle secured significant cloud contracts with leading AI companies including OpenAI, xAI, Meta, Nvidia and AMD. Catz has led Oracle for more than a decade, comes from an investment banking background, and emphasizes being first rather than following others.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]