Jewish billionaire Larry Ellison says AI will make enterprise software much better
Oracle co-founder Larry Ellison dismissed fears that AI will destroy software companies.
The short version
- He spoke at Oracle AI World in Las Vegas about new tools.
- AI will let users simply ask software for what they need.
- Businesses will soon use smarter applications built industry by industry.
Why it matters to you. The software you rely on for accounts or inventory is heading toward simple chat interfaces instead of clunky menus.
Jewish billionaire Larry Ellison, the head of Oracle, just pushed back hard against fears that artificial intelligence could trigger a so-called SaaS apocalypse. Speaking at the Oracle AI World conference in Las Vegas, Ellison argued that artificial intelligence will not make traditional business software obsolete at all.
Instead, he told the crowd that artificial intelligence will make enterprise applications significantly better by fundamentally changing how software is built and used. According to Fortune India, Ellison pointed out that business software has historically been incomplete because companies always had to customize commercial applications or connect products from multiple vendors.
Now, Oracle, the massive database and enterprise software company, is developing complete software suites for industries including banking, retail, hospitality and government. Healthcare is serving as its initial focus because medical science evolves so fast. Ellison shared a personal story about taking his son to the hospital, where medical professionals had to navigate multiple complicated screens just to access X-rays.
He believes artificial intelligence will eliminate the need for extensive software training so users can simply ask for what they need and get an answer. Meanwhile, Oracle and Nvidia, the giant chipmaker, announced plans to expand their cloud infrastructure superclusters using new systems.
Oracle also expanded a partnership with Snowflake, the cloud data warehouse company led by Sridhar Ramaswamy, to offer Snowflake directly through Oracle Cloud.
Photo: DronePhotographer, CC0, via Wikimedia Commons
