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Oracle’s Larry Ellison thinks every government will want to build a ‘sovereign’ AI cloud in the future
Oracle chairman Larry Ellison envisions a future of 'sovereign clouds' powered by AI running governments, and recent work he's done with Albania is a preview.
Oracle shares are up about 21% YTD, but Barclays analyst Raimo Lenschow expressed concern about lower OCI growth during its latest earnings, which could "worry investors, as this is the main investment story." Even the U.S., with all its resources, has been vulnerable to data hacks, including a recent February incident with contractor CGI Federal which exposed personally identifiable information on employees. Oracle cloud tech has been part of an effort to cut red tape for Albania, which is using ChatGPT to speed review of legal issues related to its ascension to the European Union, as well as teamed with Elon Musk's Starlink internet service in multiple countries to increase rural access.
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