Larry Ellison, who founded Oracle back in the day and was once a legacy data center company, has now transformed into a cutting-edge AI company, and when he talks, people should take note.
The boom in his stock Oracle from the AI mania has meant that he is now almost as rich as Amazon’s Jeff Bezos.
To say the least, Ellison has his pulse on what is going on in the AI community and what is next in store, which is why Oracle, who recently moved to Texas, should be on the radar of every investor who has an interest in technology.
Ellison gave his candid view on how his company, Oracle, along with other AI companies, will profit from the hard pivot to everything and anything AI.
Essentially, everything will become generative AI, which delivers profitable solutions when anything happens.
Let me explain.
Ellison believes super-invasive, if not totally omnipresent, algorithmic overseers will be the new normal for human society, and that will give a way for tech companies to make a killing.
Powerful and fascinating AI will bring about a new paradigm of supercharged surveillance, guaranteeing that the "citizens" — all behave and stay in line.
"We're going to have supervision," Ellison said.
"Every police officer is going to be supervised at all times, and if there's a problem, AI will report that problem and report it to the appropriate person."
"Citizens will be on their best behavior," he added, "because we are constantly recording and reporting everything that's going on."
Ironically, many of these surveillance apparatuses — security cameras, bodycams — are already in place.
Why have them engaged in a risky car chase, for example, when you can get an AI drone to tail a suspect instead?
"You just have a drone follow the car," Ellison said.
Under Ellison's stewardship, Oracle has been attempting to position itself as another leader in the AI race and has quickly integrated the tech into its cloud computing services.
The examples that Ellison gives are by no mistake.
Ellison plans for Oracle to be the heart and center of this surveillance business, and rightly so, with all the investments and years of getting to this new technology.
Oracle’s data centers and software will be central to how surveillance will operate. CCTV cameras will be absolutely everywhere, “helping” police do their job and identifying if a drone needs to be sent in for more helping.
Police won’t be the only use case in drones and cameras powered by AI helping to build business.
Take the industry of logistics.
They are fast moving towards a time when humans won’t need to be working in the warehouse moving products.
Robots, cameras, and drones in that type of tripartite cooperation will be able to unload, store, organize, and ship powered by Oracle software. Now, that is a really efficient concept!
Humans will really only need to be present to receive the Amazon package at the last mile deliver high likely delivered by a robotic drone in an electric Tesla powered by Oracle software. Oracle is about to hit pay dirt once they are integrated into every business process in the world that happens 24 hours per day.
The future of commerce will look a lot different, and there is a reason why the trajectory is so fluid: and Ellison sits at the intersection of business profits and AI.
Readers should be inclined to buy Oracle on the dip.
