Oracle, now half a century old, is making headlines for its AI initiatives and association with TikTok. Co-founder Larry Ellison’s recent stint as the world’s richest person highlights the company’s evolving influence in the tech sector.

Oracle is positioning itself for success in the cloud market by leveraging its Chief Technology Officer, Larry Ellison. He has been instrumental in driving AI-focused deals while guiding the company away from its roots in legacy software.

A dramatic shift has occurred in the upper echelon of the world’s wealthiest individuals. Tesla CEO Elon Musk lost his top spot, making way for Oracle chairman Larry Ellison, whose net worth climbed to $405 billion according to Barron’s.