"A year ago, Oracle cofounder and Chairman Larry Ellison described a future where everyone, including law enforcement, will face regular surveillance as daily life is documented seemingly nonstop. At Oracle's financial analyst meeting last September, he predicted artificial intelligence will help process the vast amounts of footage recorded by cameras placed on everything from car dashboards and front doors to security systems and cops."
"The company has been an AI infrastructure provider and stunned Wall Street earlier this month by reaching a $300 billion deal with OpenAI, which will purchase computing power over about five years in one of the largest cloud contracts ever signed. In its most recent quarterly earnings call with analysts, management also offered revenue projections that cited $455 billion in contracts, up 359% from a year earlier."
Oracle foresees pervasive surveillance as daily life is recorded by cameras on cars, doors, security systems and police, with AI processing vast footage. The company anticipates AI will supervise police activity, report problems to appropriate authorities, and influence citizen behavior through constant recording. Oracle has expanded as an AI infrastructure provider and reached a $300 billion cloud contract with OpenAI for computing power over five years. Recent revenue projections cited $455 billion in contracts, up 359% year over year, and Oracle landed deals with multiple customers. Oracle is expected to help acquire TikTok's U.S. operations and lead oversight of its algorithm and security. An executive order cleared a pathway for a U.S. sale.
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