There's a new sheriff in town. Larry Ellison, Michigan football’s most prominent booster, has leapfrogged Elon Musk to claim the title of the richest person in the world, per CNN. Bloomberg reports that Ellison’s net worth skyrocketed to $393 billion, a $101 billion surge in a single day after Oracle’s earnings blew past Wall Street expectations. Musk now trails at $385 billion. Expand Tweet

Oracle’s stock erupted 41 percent on Wednesday, its biggest one-day climb since 1992, fueled by booming demand for AI infrastructure. CEO Safra Catz revealed the company locked down four multibillion-dollar contracts with more expected soon, signaling that Oracle’s cloud services and database platforms are fast becoming the backbone of AI computing.

Industry analysts didn’t hold back. Ben Reitze

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