ORACLE says there is real value in AI as demand far outpaces supply


FILE PHOTO: Oracle CEO Clay Magouyrk speaks at a Q&A following a tour of the OpenAI data center in Abilene, Texas, U.S., September 23, 2025. REUTERS/Shelby Tauber/Pool/File Photo

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)

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