Oracle founder Larry Ellison makes first-ever trip to Microsoft headquarters for cloud announcement
Oracle Co-founder Larry Ellison, left, and Microsoft Co-founder Bill Gates watch a match between Gael Monfils of France and Alexander Zverev of Germany during the BNP Paribas Open in Indian Wells, Calif., on Oct. 13, 2021.
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Larry Ellison, the co-founder, chairman and chief technology officer of Oracle, has been going up against Microsoft to in database software for more than 30 years. He has also had to deal with clients looking to connect their Oracle and Microsoft products. But until this week, he had never made the journey to Microsoft’s headquarters outside Seattle.
He was in town to appear alongside Microsoft CEO Satya Nadella to announce an expansion of the collaboration between the two companies. Oracle is placing its Exadata hardware, which contains servers for databases and storage, inside the data centers that Microsoft uses to run its Azure public-cloud service for hosting applications.
Organizations will be able to store data with Oracle’s database software by using Azure, rather than having to install Oracle hardware in their own data centers or use Oracle’s public cloud. Putting the Oracle equipment in Azure data centers means that applications will be able to quickly access data from the databases.
“It was lovely to come up here, said Ellison in a virtual presentation on the announcement, which he teased on Oracle’s earnings call with analysts on Monday. “It’s actually my first time in Redmond. It’s hard to believe. I waited till very late in my career to make this trip.”
Nadella conveyed the significance of Microsoft and Oracle working together by bringing up a memory from his early years, before he managed teams building Azure, the Bing search engine and Dynamics sales software. He joined Microsoft from Sun Microsystems in 1992, taking a position as a program manager in the Windows developer relations group.
“When I first came to Microsoft, the first week, they asked me to sort of get ISVs onto Windows NT at that time,” Nadella said. “I said, ‘There’s no way we can get ISVs onto Windows NT first without getting Oracle onto Windows NT.'”
Nadella said the new collaboration might help companies more quickly move their workloads from their existing data centers to the public cloud.
The two companies haven’t completely given up their rivalry, though. Oracle and Microsoft will still compete to sell cloud-based infrastructure, but Azure is larger and more mature, and Oracle wants to have customers keep using its products even as they adopt other clouds. And there’s nothing stopping longtime Oracle customers from considering Microsoft’s databases in Azure.
The tension between the two companies reached a high point in 2000, as Microsoft was in the middle of its hallmark antitrust case against the U.S. Justice Department. Oracle told media outlets that it had hired a detective firm that tried to buy trash from a Microsoft-backed trade group by offering money to janitors working at the group’s office in Washington.
Ellison co-founded Oracle in 1977 and is the world’s fifth richest person in the world, while Bill Gates, who co-founded Microsoft with Paul Allen in 1975, ranks fourth, according to Bloomberg. But Ellison controls 42% of Oracle’s outstanding shares, while Gates owns just over 1% of Microsoft stock, according to FactSet.
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Reddit shares popped about 5% after the social media company debuted new artificial intelligence-powered advertising tools.
The two new features, announced Monday in a post during the Cannes Lions festival, will help brands better leverage discussions on the platform. The company said the tools are powered by an engine called Reddit Community Intelligence that turns “posts and comments into structured intelligence.”
Reddit announced a “listening tool” called Reddit Insights, which shares real-time insights with marketers to help them identify trends and launch campaigns. The other tool, called Conversation Summary Add-ons, allows brands to show “positive” user content under their ads.
“These are tools for a new era of community marketing, one where brands can tap into Reddit’s authenticity and connect meaningfully with high-intent communities around the world,” the company wrote.
The company said Publicis served as the exclusive alpha tester for Reddit Insights, while Lucid and Jackbox Games were among the early testers for Conversation Summary Add-Ons.
Companies across industries are betting on new ways to harness AI to improve advertising campaigns and better engage with users. These new tools are transforming the industry while also putting pressure on some advertising stalwarts.
The industry is also currently navigating a bumpy environment spurred by the trade war with China.
During the recent earnings season, many companies warned of sluggish advertising sales in certain regions due to a rocky macroeconomic environment. Recent developments, however, have suggested a cooling of tensions between the U.S. and China.
Last month, Reddit posted strong sales and upbeat guidance. The company has benefited from recent changes to Google search and internal site improvements, which include convincing logged-out users to open accounts. Logged-in accounts are more beneficial to advertisers.
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Helsing uses AI to analyze large amounts of sensor and weapons system data from the battlefield.
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European defense technology startup Helsing on Tuesday said that it’s raised 600 million euros ($693.6 million) in a bumper new round of funding.
The investment was led by Prima Materia, the venture capital firm founded by Spotify CEO Daniel Ek and by Shakil Khan, an early investor in the popular music streaming app. Ek is also chairman of Helsing.
Existing investors Lightspeed Venture Partners, Accel, Plural, General Catalyst and Saab also put money in, alongside new investors BDT & MSD Partners.
Defense and the technology behind it have become a hot area for investors lately, amid major global conflicts, including the Ukraine war to Israel-Gaza. Last week saw a further escalation of war in the Middle East as Israel launched a series of airstrikes against Iran.
In 2024, venture funding in Europe’s defense, security and resilience sector reached an all-time high of $5.2 billion, according to a recent report from the NATO Innovation Fund. The sector grew 30% in the past two years, outperforming the broader VC market, which saw a 45% decline over the same period.
Founded in 2021, Helsing sells software that uses artificial intelligence technology to analyze large amounts of sensor and weapons system data from the battlefield to inform military decisions in real time. Last year, the startup also began manufacturing its own line of military drones, called HX-2.
Helsing, which operates in the U.K., Germany and France, said it would use the fresh cash to invest in Europe’s “technological sovereignty” — which refers to attempts to onshore the development and production of critical technologies, such as AI.
“As Europe rapidly strengthens its defence capabilities in response to evolving geopolitical challenges, there is an urgent need for investments in advanced technologies that ensure its strategic autonomy and security readiness,” Ek said in a statement out Tuesday.
Helsing did not disclose its new valuation following the latest financing round, which is subject to “certain approvals,” according to a statement. The firm was previously valued at around 5 billion euros in a 450 million euro funding round led by General Catalyst last year.
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