THE Larry Elison overcame him Masculine And he became the richest man in the world, after the “jump” over 40% recorded by Oracle’s share, boosting the rise of the artificial intelligence industry. In particular, Elison’s share in Oracle, which co-founded in 1977, increased to $ 397 billion today, surpassing Musk’s total net wealth, amounting to about $ 384 billion, according to Bloomberg’s billionaire index.

Oracle’s chief executive, Safra Catz, spoke of a “amazing quarter” in the quarterly results published yesterday, which included the signature of “four billion dollars worth a lot of bills with three different customers” during the three months.

As the Financial Times notes, these agreements have contributed to an increase in Oracle orders, which will generate future revenue of $ 455 billion.

The increase in Elison’s property comes at a time when Musk’s most profitable business, Tesla, is facing difficulties due to consumer reaction to the involvement of the billionaire in the Trump government and investor concerns to cancel the subsidies by Trump.

The price of Tesla’s share has fallen by 1/4 of December. The value of the Musk share in the company, which amounts to 16%, amounts to about $ 187 billion.

Oracle, who delayed to turn her activities into cloud services, has benefited from increasing demand for Data Centers infrastructure from artificial intelligence startups and other major technology groups.

Wall Street was prepared to increase orders following the announcement of the new $ 30 billion contract a year that Oracle signed in July, but had not foreseen such a large increase in its future portfolio.

This year, Oracle signed a partnership agreement with Openai and Softbank for the $ 500 billion Stargate project.

“The excellent $ 332 billion orders recorded by Oracle in the first quarter do not only represent the largest number of orders we have ever seen in the software sector, but also a fundamental change in the business model in the direction of Data Centers operators,” said Keith Weiss, Morgan Stanley.

Before today’s rise more than $ 40% to $ 344, Oracle’s share price had already rose more than 40% this year. Its value increased from $ 678 billion to $ 967 billion in Wednesday’s electronic transactions.

In a telephone conversation with investors on Tuesday, Catz said Oracle had signed “important cloud contracts with top artificial intelligence companies such as Openai, Xai, Meta, Nvidia, AMD and many more”.

Rapid growth has made Wall Street analysts wonder how Oracle will be able to increase its computing capacity quickly to meet the new demand, at a time when most cloud companies complain of a lack of chips.

Computing Amazon, Microsoft and Alphabet, along with Meta, are expected to spend more than $ 350 billion this year on data centers and other artificial intelligence and more than $ 400 billion in $ 2026 this year.

Oracle increased its forecasts for capital spending for the financial year expiring next May by $ 10 billion, reaching $ 35 billion. Catz claimed that the company has managed to generate higher revenue with fewer capital spending than its competitors because it does not invest in buildings and uses its computational equipment with greater efficiency.

Oracle has been dynamically entered as an important player in the Cloud market, thanks to the high computational requirements of new artificial intelligence training for a series of customers.

For the last quarter, Oracle reported a 12% increase in revenue, which amounted to $ 14.9 billion, slightly under the $ 15 billion expected by Wall Street. Customized net revenue increased by 8% to $ 4.3 billion, exceeding analysts’ expectations.

In July, it was revealed that Openai had agreed to lease 4.5 giant computational power by Oracle, in a deal worth $ 30 billion annually. This move implies the development of multiple data centers from Oracle in all the US to meet the company’s requirements in computing power.

Elison holds 41% of Oracle – on the horizon the Tiktok

It is noted that Elison holds 41% of the company’s shares. The 81 -year -old Elison remains active in Oracle as the CEO of Technology and President. Instead of gradually selling its shares, she kept her with more than 1.1 million shares for over 25 years. In 2022, Elison resigned from the Tesla board after almost four years, but has remained active in business since then.

He has focused his attention on Oracle’s $ 28 billion in 2022, reinforced his charity with the establishment of the Ellison Institute of Technology at the University of Oxford in December and contributed to the Ellison Institute of Technology at the University of Oxford in December and Global-Skydance, worth $ 8 billion last month.

Elison could become even richer. It has helped raise money for US President Donald Trump, who has delayed the sale of the US Department of Tiktok. Trump said in January that it was open to the possibility that byTedance would sell Tiktok’s US company to Musk, who served as a special government official by advising Trump until last May, or Elison.