‘Please take our money’: Larry Ellison on begging Nvidia CEO Jensen Huang for AI chips

It looks even billionaires delight in to beg for the most coveted objects on this planet. Oracle (ORCL) co-founder Larry Ellison says he spent a dinner “begging” for more of Nvidia’s (NVDA) artificial intelligence chips.

Over dinner with Nvidia chief executive Jensen Huang, Ellison mentioned he and Elon Musk, the wealthiest person on this planet, had been “begging Jensen for GPUs,” or graphics processing objects, which strength about a of the sector’s most evolved gigantic language models.

“Please take our money. No, no take more of it. We need you to take more of our money. Please,” Ellison mentioned within the course of an Oracle investor tournament final week, Barrons reported. “It went okay. It worked.”

Within the course of Nvidia’s earnings call in August, Huang mentioned demand for the chipmaker’s highly-anticipated Blackwell chips “is wisely above provide,” and added that it expects to “ship several billion bucks in Blackwell income” within the fourth quarter. Last week, on the other hand, Huang mentioned shortages of its most modern generation chips delight in potentialities feeling “tense.”

Within the period in-between, Ellison’s accumulate worth has soared amid the AI enhance, as Oracle shares force elevated on account of its cloud businesses. Ellison owns proper beneath 40% of Oracle’s prominent stock, per Forbes, which has climbed nearly 61% to this point this year. The Oracle chairman and chief abilities officer’s right-time accumulate worth is $197.7 billion, per Forbes — inserting him about $7 billion within the encourage of Bezos’s right-time accumulate worth of $204.4 billion.

“As Cloud Providers and products became Oracle’s largest trade, every our working earnings and earnings per share enhance accelerated,” Oracle chief executive, Safra Catz, mentioned in an announcement final week after Oracle beat earnings expectations for the foremost quarter.

Within the period in-between, Ellison mentioned the corporate has 162 cloud information centers, both in operation or beneath construction, across the sector. “The largest of these datacenters is 800 megawatts and will contain acres of NVIDIA GPU Clusters for practicing gigantic scale AI models,” Ellison mentioned.