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Core Insights - Oracle has recently surpassed Elon Musk to become the world's richest person, driven by a surge in its stock price and significant long-term contracts with major tech companies like OpenAI and Nvidia [1][2] - The company's success in the AI wave is attributed to its strategic choice of technology, specifically its focus on "second-generation cloud infrastructure" (OCI), which aligns well with the computational needs of large AI models [1][2] Technology and Market Position - Oracle's OCI architecture provides a competitive advantage in terms of cost-effectiveness and energy efficiency, making it well-suited for AI workloads [2] - The company has built a strong reputation over decades by serving large, complex organizations such as banks and governments, which positions it as a reliable partner for AI giants seeking robust computational support [2] Strategic Approach - Oracle has adopted a prudent strategy by not competing directly in the AI application space or investing heavily in developing its own large models; instead, it aims to be a foundational supplier of computational resources [3] - The partnership with Nvidia allows Oracle to optimize its infrastructure for powerful GPU capabilities, enabling it to serve a wide range of clients without seeking to control them [3] Financial Considerations - Despite its successes, Oracle faces challenges such as a $35 billion annual capital expenditure plan that has impacted its free cash flow, necessitating effective conversion of contracts into revenue [4] - The company's ability to navigate the evolving technological landscape while maintaining its core strengths is crucial for its continued success [4]