Oracle co-founder Larry Ellison wakes up with AI and cloud transactions, which enhances fortune, Paramount control, and technology hegemony around the world.

Larry Ellison, the Oracle co-founder, is once again in the international news as the technology company saw its stock soar almost 36 percent after a series of significant cloud computing and artificial intelligence alliances. It is estimated that the surge boosted the fortune of Ellison to nearly 400 billion dollars, according to the estimate, making him the second richest man in the world, following Elon Musk.

The 80-year-old billionaire who used to be known as the bad boy of Silicon Valley has reappeared as a force. The strategic decision made by Oracle to not develop its own chips but use Nvidia chips has allowed it to gain an advantage in providing GPUs to OpenAI, Meta, and xAI of Musk. Another half-trillion-dollar AI project by the company called Stargate with OpenAI further established the company as a leader in the AI race.

Ellison is not all about technology. Paramount, now controlled by his family, is thought to be about to make a bid on Warner Bros Discovery, which is likely to shake up Hollywood. In the meantime, the cloud services of Oracle have already become essential, supporting services such as Zoom throughout the pandemic and storing the data of U.S. TikTok users in case of security concerns.

Nonetheless, analysts do caution of risks despite its momentum. As Oracle relies on a few clients to generate most of its AI revenue, the long-term success of these clients determines whether it becomes financially stable or not. Nevertheless, Ellison is daring in his strategies, which imply that he wants to ensure that Oracle is the leader in the AI revolution.