Tech oligarch Larry Ellison, twice the richest man in the world, is putting all his money on AI

Larry Ellison, founder of Oracle, views AI as the future of the global economy, investing heavily in infrastructure to support it. His ambitious Project Stargate aims to create a massive AI infrastructure with significant financial backing. Despite Oracle's growth and Ellison's temporary rise to the richest man in the world, concerns about his debt and the sustainability of AI investments loom large. Critics warn that his vision may lead to a surveillance state, as Oracle provides technology for monitoring citizens. Ellison's journey began with a CIA database project, leading to the creation of Oracle, which has become a dominant player in the tech industry.