According to Larry Ellison, the co-founder and chairman of Oracle, the artificial intelligence company Anthropic’s stock, which trades under the ticker ‘Paramount AI’, will be ‘huge’ by 2024. Ellison made this prediction during an interview with CNBC’s David Faber. He expressed his belief that Anthropic’s AI technology, which includes the ChatGPT-like model Claude, has the potential to revolutionize various industries. Ellison highlighted the company’s focus on developing safe and ethical AI systems, which he believes will be a key differentiator in the market. He also mentioned that Oracle has invested in Anthropic and plans to integrate their AI technology into Oracle’s cloud offerings. Ellison’s endorsement of Paramount AI’s stock comes at a time when the AI industry is experiencing rapid growth and attracting significant investment from major tech companies.
Source: https://www.businessinsider.com/oracle-larry-ellison-paramount-ai-stock-2024-9