Company Overview - Oracle Corporation is a Texas-based multinational technology company co-founded in 1977 by Larry Ellison in Santa Clara, California [5] Stock Performance - Oracle shares surged 41% in early trading on Nasdaq, reaching a day's high of $339.68 following the announcement of an AI Center of Excellence for healthcare [7] - The stock's one-year returns now stand at approximately 117%, with year-to-date returns exceeding 100% [7] Impact on Personal Wealth - The stock surge significantly increased co-founder and chairman Larry Ellison's net worth by $101 billion, surpassing $400 billion, making him the world's richest man [2][4] - This event illustrates the substantial influence of corporate performance on billionaire rankings and the volatility of tech fortunes [4] AI Initiatives - Oracle announced the launch of an AI Center of Excellence for healthcare, aimed at helping health systems and hospitals optimize AI deployment [7] - The Oracle Health Patient Portal will soon feature AI capabilities that provide patients with clear explanations of medical records and allow them to ask questions in plain language [6]

These capabilities build on the recently released, AI-enabled, Oracle Health electronic health record. The EHR enables clinicians to be more present during patient interactions and easily access the information and tools they need to enhance quality of care. Bringing OpenAI's technology into the Oracle Health Patient Portal will mark the next step in the company's strategy to deliver conversational AI across healthcare – empowering clinicians and patients alike with actionable intelligence that can help im ...