Oracle’s recent surge in cloud infrastructure revenue, driven by major AI contracts with OpenAI and other leading firms, propelled a stunning increase in company valuation and significantly boosted Executive Chairman Larry Ellison’s net worth. Ellison briefly surpassed Elon Musk as the world’s richest individual, amid Oracle’s rapid success in AI-focused cloud computing. CEO Safra Catz credited strategic AI partnerships for growth, signaling Oracle’s transformation into a major cloud contender with pivotal relevance in the AI infrastructure space.