Oracle Corporation $ORCL has experienced a significant surge in its business, attributed to the rising demand for cloud computing fueled by advancements in artificial intelligence (AI). The company reported an $80 billion increase in its Remaining Performance Obligations (RPO), marking a 29% year-over-year growth, surpassing Wall Street expectations. This growth is largely driven by the robust demand for cloud services, as AI continues to be a critical factor in cloud expansion across Oracle's business sectors. Furthermore, Oracle's strategic partnerships and the introduction of generative AI features across its corporate software lineup are intensifying competition with major tech firms, including Microsoft. These developments have led to Oracle posting its biggest stock market gain since 2021, with Larry Ellison, the company's founder, becoming $15 billion richer, elevating his net worth to $146 billion and making him the 5th wealthiest person globally, according to Forbes. Oracle has also expanded its partnership with Microsoft, extending the Oracle Database@Azure to 15 regions worldwide to meet rising customer demand.