Oracle is Genuinely Far Scarier Than Blackrock

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Earlier this month Larry Ellison (briefly) became the richest man in the world after his Company Oracle delivered… worse than expected financial results…
(As a clear sign of a very healthy and totally normal market) the tech company reported lower earnings per share and revenue that it projected,
but despite this, its value soared by over 30% in a single day, gaining more market cap than the entirety of McDonalds within 8 hours.
This is all from a company that has historically provided boring software subscriptions to boring enterprise customers (and if industry reputation is to be believed they didn’t even do THAT particularly well)
So as you might have already guessed this recent boom has had a lot to do with big promises about the future of AI, which is nothing that special by itself anymore…
BUT the WAY that Oracle is capitalising on this hype is… unique… and it’s also worth understanding because… unfortunately… it will impact you.
Oracle is going to be effectively taking over control of Tik-Tok in America, it has massive influence in both Silicon Valley AND Washington, it might single handedly be keeping the AI bubble inflated… oh and this is not to mention the direct connection it will have with potentially the biggest traditional media company of all time.
It’s all very impressive stuff when you remember that (unless you were unlucky enough to have to deal with their software services) most people have no idea what this business actually does.