In a meeting with analysts last week, billionaire Oracle co-founder and chief technology officer LarryEllison (name)Tell the audience that he and the world's richest man, Elon...MuskWith the CEO of NVIDIAJen-Hsun HuangGo to Nobu Palo Alto for dinner and "beg" Yellow to give them more! GPU.
"I would describe the dinner as Oracle - Elon and I begged Jensen for GPUs," Ellison recalls. "Please take our money. Please take our money. By the way, I'm having dinner. No, no, no, eat more. We need you to take more of our money."
Ellison said the results were positive. "Everything went well. I mean, it worked out."
Ellison, whose famous fortune is estimated at $206 billion, is a well-known figure in the technology industry, serving as executive chairman of enterprise software company Oracle. He is known for predicting major technological changes, including accurately positioning the $475 billion tech giant to benefit from the Internet early on. He further solidified the company's position by transforming its structure to capitalize on the growing demand for cloud-based enterprise infrastructure. The company maintains a strong relationship with NVIDIA, which controls over 80% of the AI chip market and is the preferred choice for companies working in the AI space.
Ellison said at last week's conference that the competitive landscape will not hinder Oracle's growth. Ellison replied that the easiest way to look at it is this statement, "The race is still on." He compared the current AI competition to Formula 1 racing.
"There are three people on the podium, but really there's only one winner," Ellison said. "Some people will do better at this than others and a lot of people are trying and there is a race."
For its part, Oracle is making huge investments in GPU technology, particularly for AI applications. The tech giant announced its Q1 FY2025 results this month, disclosing a 7% year-over-year increase in revenue to $13.3 billion. Profit stood at $2.9 billion. Oracle also revealed that it has 162 cloud data centers in operation or under construction around the world, the largest of which has 800 megawatts of capacity and will house "acres of Nvidia GPU clusters" for training large-scale AI models. In the first quarter, Oracle signed 42 more cloud GPU contracts with a total value of $3 billion.
Similarly, Tesla, of which Musk is CEO, relies on Nvidia GPUs to power supercomputers that train its neural networks for autonomous and assisted driving technologies.
Ellison said that being the first to build the world's most powerful neural network "is a big deal." Given the desire to be on the cutting edge, he said, many executives in AI have asked Jen-Hsun Huang for GPUs and to build data centers.
"Does anyone know how much it will cost to build a cutting-edge model over the next three years?" Ellison was referring to state-of-the-art, cutting-edge AI systems.
"One hundred billion," Ellison said. "That'll get you in the game."
"There won't be a lot of people, a lot of companies, or a lot of countries involved."
A NVIDIA spokesperson declined to comment and Tesla did not immediately respondFortune MagazineThe requirements of the
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