The founder of Oracle says: All AI companies are doing the same foolish thing? Their models are worthless.
ChatGPT, Gemini, Grok, Llama… all are relying on the same large pool of data, scraping publicly available internet data, and all AI models are converging.
Where is the real gold mine? Ellison points out that it is private data. For example, medical records in hospitals, financial data from banks, supply chain secrets of Fortune 500 companies, and most of this data is stored in Oracle databases.
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