When Oracle CEO and Elon Musk “begged” Nvidia CEO Jensen Huang: Please take our money…. – Times of India

Oracle co-founder and chairman Larry Ellison has expressed a strong desire to acquire more Nvidia GPUs. According to a report in Business Insider, during a recent earnings call, Ellison revealed a dinner meeting with long-time friend CEO Elon Musk and Nvidia CEO Jensen Huang at Nobu in Palo Alto. Ellison reportedly said, “I would describe the dinner as me and Elon begging Jensen for GPUs.”
He added that they told Huang, “Please take our money….we need you to take more of our money,” before he quipped, “It went OK, it worked.”
One of the world’s richest billionaires, Ellison emphasized the importance of GPUs in building and training AI models, stating that the race to develop these models will be a significant investment over the next five years.Oracle has even secured permits to build three nuclear reactors to power a data center that will house a supercomputer equipped with up to 131,072 Nvidia Blackwell GPUs.

Oracle gave GPUs to Elon Musk’s xAI

During Oracle’s second-quarter earnings call last December — for its fiscal year 2024 — Ellison said his company provided Musk’s startup xAI with GPUs to train its model Grok. He said, “They got that up and running, but boy did they want a lot more GPUs than we gave them; we’re in the process of getting them more.”
Ellison noted that xAI’s demand for GPUs exceeded Oracle’s initial allocation.
Beyond the technical implications, Ellison also discussed the potential societal impact of AI. He predicted that AI could be used to monitor citizens, supervise police officers, and report misconduct. Ellison suggested that this constant surveillance could lead to a more compliant society.