Oracle co-founder Larry Ellison believes the real breakthrough for AI will come from inference, which has potential in fields from robotics to drug design.

Just for a moment this week, Larry Ellison, co-founder of US cloud computing company Oracle, became the world's richest person. The octogenarian tech titan briefly overtook Elon Musk after Oracle's share price rocketed 43% in a day,

Ellison's net worth skyrocketed to $393 billion Wednesday — a one-day, $101 billion leap that vaulted him past Musk.

Key Takeaways Oracle chair and co-founder Larry Ellison's net worth jumped more than $100 billion in a single day after the company reported strong quarterly earnings, bringing his net worth to $393 billion,

Oracle's blowout earnings sent the stock skyrocketing, and made Larry Ellison even richer than he already is.

Fortune magazine wondered on its cover whether Oracle co-founder Larry Ellison might become the world's richest person, while BusinessWeek declared Ellison is "cool again," noting that "Silicon Valley's bad boy is having his revenge.

Oracle's shares experienced a significant surge following the announcement of multibillion-dollar AI cloud infrastructure deals, including a landmark

Larry Ellison briefly eclipsed Elon Musk in wealth on Wednesday, and the Oracle cofounder remains hot on the Tesla chief's heels.

Larry Ellison, Oracle’s co-founder, has surpassed Elon Musk as the world’s richest person with a $393 billion fortune, fueled by Oracle’s AI-driven cloud surge.

Ellison, 81, whose net worth is largely derived from his 41% stake in Oracle, saw his fortune rise by about $100 billion to around $392.6 billion, according to Forbes. He is rapidly closing in on Tesla chief Elon Musk in the race for the title of the world's richest person. Musk's net worth last stood at $439.9 billion.

But it’s not just Ellison who’s been owed all the credit—or the award. Oracle’s CEO Safra Catz has been at the helm of the company for over a decade, and her wealth jumped by over $400 million in just six hours on Wednesday to $3.4 billion, according to Forbes .

Larry Ellison briefly became the world’s richest man after Oracle shares spiked nearly 40%. But analysts warn the AI-driven surge may echo the dot-com bubble, leaving markets vulnerable if the rally falters.