Larry Elison, co -founder of Oracle, overcame Elon Musk and became the richest man in the world, after a share of the company’s stock on Wednesday, fueled by the explosion in the field of artificial intelligence, as reported by the Financial Times. Elison’s share in the company amounted to more than $ 388 billion on Wednesday afternoon, surpassing Musk’s total net wealth estimated at about $ 384 billion, according to Bloomberg Billionaire Index. Oracle’s director, Safra Katz, described the results announced by the company on Tuesday, citing, inter alia, the signing of “four billion contracts with three different customers” in three months by the end of August. These agreements have increased Oracle bookings, which will affect future revenue to $ 455 billion in the quarter, exceeding analysts’ expectations and $ 138 billion in the past. Oracle, who was delayed to adapt her business model to services […]
Source: News Beast
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