Larry Ellison is a very rich man. He is a billionaire and the boss of a big computer company called Oracle. He is 81 years old. Now, he wants to change his company a lot. He thinks that Artificial Intelligence, or AI, is the future.
AI is when computers can think and learn like people. Larry Ellison is putting a lot of his company's money into AI. This is a big risk. He takes on debt to do this. He wants Oracle to be a top AI company. He hopes this change makes Oracle very strong in the world of smart computers.
But some people ask a question: Is this AI boom too big? They call it an AI bubble. A bubble means something grows too fast, then it can pop, and prices go down. Larry Ellison hopes his big gamble works. He does not want to be known as the person who started an AI bubble that burst.
A very rich person who has a thousand million dollars or more.
A situation where something bad or dangerous might happen.
When prices for something go up very high, very fast, and then suddenly drop.
Who is Larry Ellison?
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