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Elon Musk officially dethroned as world's richest person as fellow billionaire's stock surges: 'Several additional multi-billion-dollar customers' [Yahoo! Finance]
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As the company's stock surged by as much as 43% and his personal fortune grew by $90 billion over the course of a single day, Larry Ellison, founder of Oracle, briefly became the world's wealthiest person, surpassing Tesla's Elon Musk, NBC News reported The news came as Oracle released its quarterly earnings figures , revealing nearly half-a-trillion dollars worth of massive contracts with companies like ChatGPT-creator OpenAI and AI-chipmaker Nvidia. Oracle has seen its business boom as its software has increasingly been used to run the enormous data centers necessary to power cloud computing and AI models. While Musk had regained his position atop Bloomberg's Billionaire Index by the end of the day, Oracle made clear that it had more large deals in the pipeline. "Over the next few months, we expect to sign-up several additional multi-billion-dollar customers," Oracle said, per NBC News As Ellison and Musk tussled for the title of richest human on Earth, it served as a remin
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