> Few people doubt that this technology is going to change everything. What’s less clear is when the profits are going to start rolling in and how big they are going to be... "We are making trillions of dollars in investments on the back of tens of billions of dollars in revenues."

It seems possible that AI will eventually become an abundant commodity, with cheap alternatives available from China and elsewhere. And if that happens, profits will be competed away, just like any other commodity in a competitive market.

One would imagine that a Silicon Valley legend like Larry Ellison - who built his business empire on the basis of proprietary software products and services - would understand this better than anyone.

> One would imagine that a Silicon Valley legend like Larry Ellison - who built his business empire on the basis of proprietary software products and services - would understand this better than anyone.

When you are worth as much money as Larry Ellison is, it is nearly impossible to not believe that you've become a Master of the Universe for whom the usual rules do not apply because of your ability to bend reality to your whims.

Unfortunately that amount of money also tends to be close to self-perpetuating so they rarely feel the full brunt of comeuppance that otherwise should come from such hubris when they are wrong.