Part 9/13:
He compares the current AI enthusiasm to the internet boom—where many companies failed, but the giants like Google and PayPal emerged as genuine successes. He warns that many firms are attempting to label themselves as AI companies for relevance, but only a few truly possess the technological foundation.
The core value of AI, Ellison asserts, surpasses that of electricity, the internet, or oil—making it arguably the most valuable human-made technology to date. When elite investors risk their own wealth, it signals a profound belief in AI’s disruptive potential.