Larry Ellison Targets 'Multi-Trillion-Dollar' AI Inference Market For Oracle: 'AI Will Change Everything'
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Larry Ellison, Oracle's founder, highlighted the potential of the AI inference market, predicting it to be a multi-trillion-dollar opportunity. During the earnings call, he emphasized Oracle's leadership in enterprise AI infrastructure and the launch of its AI Database. Despite reporting $14.92 billion in revenue, slightly below estimates, Oracle's stock rose 1.27% and surged 31.42% after hours. Ellison stated, "AI will change everything," positioning Oracle to capitalize on the growing demand for AI applications.
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