ORACLE says there is real value in AI as demand far outpaces supply
Published by Global Banking & Finance Review®
Posted on October 28, 2025
1 min readLast updated: January 21, 2026
Published by Global Banking & Finance Review®
Posted on October 28, 2025
1 min readLast updated: January 21, 2026
Oracle CEO Mike Sicilia highlights the real value of AI, dismissing bubble concerns as demand outpaces supply, at the FII summit in Riyadh.
RIYADH (Reuters) -Oracle CEO Mike Sicilia said on Tuesday that he is not concerned about an "AI bubble," adding that there is real value in artificial intelligence as demand far outpaces supply.
He was speaking at a panel the annual Future Investment Initiative (FII) summit in Riyadh.
(Reporting by Federico Maccioni and Yousef Saba, Writing by Nayera Abdallah, Editing by Michael Georgy)
Artificial Intelligence (AI) refers to the simulation of human intelligence in machines programmed to think and learn. AI can perform tasks such as problem-solving, understanding natural language, and recognizing patterns.
Economic benefit refers to the positive impact that an action or decision has on the economy, such as increased productivity, job creation, or improved financial performance for businesses.
Innovation is the process of creating new ideas, products, or methods that improve efficiency, effectiveness, or competitive advantage in a market. It often involves technological advancements.
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