Larry Alison, 80 -year -old founder and chief technology officer of software giant Oracle, is now the second best person in the world.
For the first time, Alison has overtaken Mark Zuckerberg, CEO of Mata, 41, Bloomberg Billion Ayers Index To claim number 2 spots. according to a Bloomberg Report Late Tuesday, Alison’s total assets are now $ 251.2 billion, which is more than $ 251 billion of Zuckerberg, but is less than $ 358 billion of Elon Musk.
Since the release of chat in late 2022, Oracle has experienced Significant growth In enterprise customers, who are eager to tap in the company’s cloud services for AI computing.
With the share of Oracle, as the largest shareholder About 40% In the software company that contains more than 80% of his funds, Ellison has seen his fate growing because the AI boom has touched Oracle’s stock sky. As The Wall Street JournalThe price of Oracle’s stock has doubled in the last two years, increasing the company’s market price to about 650 billion dollars.
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There has been a lot of increase in recent benefits. Oracle’s shares have increased by more than 90% from the end of April alone, per, per, per, BloombergAlison, who Establishment of Oracle in 1977 And worked as a CEO by 2014, it is seen that development is reflected in their net worth.
Larry Ellison, founder of Oracle. Photo by Andrew Harnik/Getty Image
Oracle the most Recent income reportReleased last month, tells the story of a growing giant. Operated by 14% increase in revenue of cloud services, the company’s quarterly revenue was 11% year-to-year to reach $ 15.9 billion.
Safra Catz, CEO of Oracle, predicted the report that the revenue growth rate would be “dramatically higher” in the next year as the company experiences an increase in its cloud business.
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Competition against Oracle Other cloud provider Like Microsoft Azure, Amazon Web Services and Google Cloud, which also offer cloud storage and computing services for businesses.
As Synergy Research GroupOracle captured 3% of the Global Cloud Infrastructure Market in the first quarter of the year, compared to 63% occupied by Amazon Web Services, Google Cloud and Microsoft Azure. It was the fifth largest cloud provider from the market share.
Oracle has recently announced several AI deals. Earlier this week, the company said that it will happen Invest $ 3 billion To expand its AI and cloud infrastructure in Germany and Netherlands. Last month, Oracle has one $ 30 billion AI annual cloud deal with Openai to provide chatgpt-maker with cloud computing power to support the increasing number of users.
Oracle is now 16th most valuable company In the world by market capitalization.
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Larry Alison, 80 -year -old founder and chief technology officer of software giant Oracle, is now the second best person in the world.
For the first time, Alison has overtaken Mark Zuckerberg, CEO of Mata, 41, Bloomberg Billion Ayers Index To claim number 2 spots. according to a Bloomberg Report Late Tuesday, Alison’s total assets are now $ 251.2 billion, which is more than $ 251 billion of Zuckerberg, but is less than $ 358 billion of Elon Musk.
Since the release of chat in late 2022, Oracle has experienced Significant growth In enterprise customers, who are eager to tap in the company’s cloud services for AI computing.
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