Part 12/14:
One of the most headline-grabbing announcements is that OpenAI secured a $300 billion contract with Oracle, dramatically boosting Oracle’s valuation and making Larry Ellison arguably the richest individual globally. The deal, still in progress, caused Ellison's net worth to skyrocket instantly upon announcement.
However, the deal is complex: Oracle lacks current AI hardware, and the funds are slated for future investment. Nonetheless, this partnership signals a new era of enterprise-scale AI infrastructure, with major corporations betting big on AI leadership.