世界首富的宝座9月10日短暂易主:现年81岁的甲骨文公司联合创始人拉里·埃利森的个人财富一度因股 价暴涨而飙升,以3930亿美元身家超越美国企业家埃隆·马斯克(3850亿美元),不过当天收盘时甲骨文的股 价回吐部分涨幅后,马斯克重返首位。埃利森是与前世界首富比尔·盖茨同时代竞争的企业家,乘着甲骨文 云计算业务的东风,过了一把当世界首富的瘾。他用一句话解释了原因:"人工智能(AI)改变一切。" 主笔 王晓莹 "星际之门"项目的成员 近日,企业软件巨头甲骨文公司发布了截至8月31日的季度财报,并宣布其云计算业务实现惊人增长。由于 人工智能工具的大规模扩张和广泛应用,甲骨文公司上调了营收预期。此后,甲骨文的股价9月10日飙升约 40%,这让埃利森的个人财富骤增了1000多亿美元,以3930亿美元身家超越美国企业家马斯克的3850亿美 元,成为世界首富。不过,到当日收盘时,甲骨文的股价回吐部分涨幅,马斯克又夺回世界首富宝座。 埃利森与马斯克是好友,担任过马斯克旗下车企特斯拉公司的董事会成员。埃利森也是美国总统特朗普 的支持者,2020年大选期间曾为特朗普举办过筹款会。今年1月特朗普重返白宫次日就高调宣布,美国开放 人 ...

Core Insights - The article emphasizes that artificial intelligence (AI) is fundamentally reshaping Oracle and the entire computer industry, with significant implications for growth and investment opportunities [1] Financial Performance Highlights - Oracle's stock surged 36% following the release of its Q1 FY2026 earnings report, indicating strong market interest despite subsequent adjustments [1] - The company’s cloud infrastructure (OCI) revenue is projected to grow from $10.2 billion in FY2025 to $32 billion in FY2026, and is expected to exceed $144 billion by FY2030, reflecting a compound annual growth rate of nearly 70% [2] - Oracle has signed four multi-billion dollar contracts with three clients, including OpenAI, indicating a strong demand for its services [3] - The remaining performance obligations (RPO) surged 359% year-over-year to $455 billion, significantly exceeding market expectations, with projections to surpass $500 billion in the coming months [4] Competitive Advantages - Oracle's growth is attributed to three core competitive strengths: - The company recognizes that the AI sector is undergoing a fundamental transformation, with inference applications expected to become the next growth engine, surpassing model training opportunities [5] - Oracle's OCI has developed unique advantages through modular design and rapid data center deployment capabilities, allowing it to respond quickly to customer needs amid AI compute shortages [6] - The company holds a significant amount of core data globally, providing it with a "data entry" advantage in enterprise AI deployment [7] Industry Implications - The earnings report reveals broader trends in the AI industry, with three key insights for investors: - AI transformation is in its early stages, with future growth expected from the scaling of inference applications, enterprise and sovereign AI adoption, and breakthroughs in intelligent agent AI [8] - There remains a significant supply gap in computing power, with Oracle planning to invest $35 billion in capital expenditures for FY2026, indicating strong demand and potential growth in related sectors [9] - Investors are advised to adopt a "full-stack" approach, covering three layers: enabling infrastructure (compute, network, storage), intelligent services (large models, core data, cloud providers), and application-level AI services [10]

Core Perspective - Oracle's decline in the Chinese market illustrates the risks of complacency and neglecting local talent development after a long period of market dominance [2][28]. Group 1: Market Entry and Dominance - Oracle entered the Chinese market in the late 1980s, capitalizing on the demand for advanced information technology during China's reform and opening-up period [4]. - The company quickly established a monopoly in the database market, with enterprises paying substantial software and service fees, sometimes reaching hundreds of millions annually [5][8]. Group 2: Business Practices and Employee Treatment - Over time, Oracle's business practices became increasingly aggressive, with exorbitant pricing and mandatory maintenance fees, leading to strained relationships with clients like China Unicom [7][10]. - The company's founder publicly stated a refusal to train Chinese employees, creating a culture where local staff were relegated to menial tasks, while key technical roles remained occupied by foreign employees [12][14]. Group 3: Rise of Domestic Competitors - Discontent among Chinese enterprises led to a surge in domestic database development, with Alibaba, Huawei, and Tencent launching competitive products that outperformed Oracle's offerings at lower prices [16][19][21]. - The Chinese government's push for information technology localization and data security further accelerated the adoption of domestic databases, as critical sectors sought to reduce reliance on foreign technology [23][24]. Group 4: Oracle's Decline - Oracle failed to adapt to market changes, clinging to outdated technology while competitors embraced cloud computing and big data [26]. - A significant layoff in 2019, where over 900 employees were let go, signaled Oracle's retreat from the Chinese market, further confirmed by the removal of its database from key systems by major clients like Taobao [26][28].

Group 1 - Oracle has signed a single cloud computing service contract with potential annual revenue of up to $30 billion, exceeding its current cloud infrastructure business size [1] - Following the announcement, Oracle's stock price surged by 8.6% in early trading, reaching an intraday all-time high, and closed nearly 4% higher, marking a year-to-date increase of approximately 32% [1] - The revenue from this contract is expected to start flowing into Oracle's accounts in fiscal year 2028, although the name of the client has not been disclosed [1] Group 2 - Oracle's CEO Safra Catz indicated a strong start to fiscal year 2026, highlighting multiple large cloud service agreements signed by the company [1] - The $30 billion contract is one of the largest cloud computing contracts ever, with its revenue alone nearly three times the current size of Oracle's infrastructure business, which generated $10.3 billion over the past four quarters [1] - The company is gaining traction in the competitive cloud computing market, partly due to its focus on attracting clients in artificial intelligence [2]