Tech
Oracle accelerates its bet on AI and briefly pushes Larry Ellison past Elon Musk in wealth
Oracle experienced a stock surge following announcements and strategic partnerships related to artificial intelligence in 2025. The integrations with NVIDIA and AMD, along with Oracle Database 23ai and AI tools in OCI, boosted the company’s valuation and, at times, temporarily elevated Larry Ellison’s net worth above Elon Musk in real-time rankings.
Announcements and Timeline in 2025
In March and June 2025, Oracle formalized collaborations and product enhancements focused on AI initiatives. The announcements and hardware-software integrations triggered a positive investor response, reflected in the rise of ORCL shares and upward analyst revisions.
Products and Technological Integrations
Oracle incorporated AI capabilities into its database and cloud infrastructure, facilitating enterprise use of AI models and vector searches. The products and services aim to simplify AI workflow implementation and improve efficiency in enterprise environments.
NVIDIA Integration
In March 2025, a joint statement with NVIDIA highlighted the integration of NVIDIA AI Enterprise software, accelerating inference and vector search operations in Oracle Database, combining NVIDIA’s software power with the advanced capabilities of Oracle’s database.
AMD Support and OCI Hardware
In June 2025, Oracle announced AMD support, integrating AMD Instinct MI355X GPUs into Oracle Cloud Infrastructure (OCI). This integration is designed to enhance AI workload performance through a combination of cloud hardware and optimized software.
Oracle Database 23ai and OCI AI Blueprints
Oracle Database 23ai and OCI AI Blueprints are proprietary products that simplify AI workflow and search implementations, forming part of a comprehensive strategy that combines database software, cloud tools, and external hardware support.
Market Impact and Larry Ellison’s Net Worth
The relationship between Oracle’s valuation and Larry Ellison’s net worth was evident when real-time indices showed his wealth temporarily surpassing Elon Musk. Media outlets such as Fortune, Bloomberg, and Forbes reported on how Ellison’s net worth was affected by movements linked to the ORCL stock surge.

Conclusion
The Oracle stock rally and its effect on Ellison’s net worth illustrate how the AI infrastructure race redistributes financial value and technological power. The episode raises practical implications for competition and centralization: in the short term, partnerships enable enterprise deployments and reduce operational costs, but in the medium term, they increase technology dependency risks, driving demand for open and decentralized alternatives to protect data sovereignty.
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Tech
Bittensor introduces Gamma Tokens as payment layer
Bittensor has introduced Gamma Tokens as a native payment system for its AI economy, giving users and AI agents a way to pay for subnet services with a Bittensor wallet rather than separate accounts or API keys for each subnet.
The OpenTensor Foundation said Gamma is designed as a prepaid, dollar-valued service credit system for subnet services. In practice, the update is meant to simplify how customers access services across the network while keeping the payment process inside the Bittensor wallet flow.
According to the release, Gamma lets subnets charge for services in dollar-valued credits. Customers fund a deposit by burning Subnet Alpha, then authorize a services spender to charge that deposit as usage accrues. The system also uses a hotkey as an API key, creating a standardized payment layer across subnets.
The foundation described the mechanism as a way to budget usage in dollars while service demand translates into Alpha burn. That structure makes Gamma less about a separate speculative token and more about how subnet services are paid for inside Bittensor’s network design.
For readers following AI-focused crypto projects, the key change is operational rather than promotional: Bittensor is formalizing a payment standard for subnet services, with unified wallet access replacing a more fragmented setup. The announcement did not add further detail on adoption or usage levels at the time of publication.
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Tech
io.net highlights idle GPU supply as AI compute demand grows
io.net is again framing its network around a familiar bottleneck in AI infrastructure: builders need compute, while some GPU capacity remains unused. In an official post on X, the company said startups are burning runway while waiting for compute and argued that idle GPUs can be connected to builders at prices they can afford.
Startups are burning runway waiting for compute.
Meanwhile, GPUs sit underused.
There’s a solution.
Connect that capacity to the builders who need it, at prices they can afford.
At @ionet, we want your next funding round to pay for progress. Not for coffee while you wait on a… pic.twitter.com/Ljzh9LPhTJ
— io.net (@ionet) November 8, 2026
The post positions io.net as a coordination layer for matching spare GPU capacity with AI workloads, with the company saying the goal is to help founders spend funding on product progress rather than waiting on hardware. The message aligns with io.net’s broader pitch in its official blog post on AI infrastructure, which describes the project as an orchestration layer for aggregating and coordinating underutilized GPU capacity.
The update does not introduce a new product launch or a fresh technical rollout, but it does restate the core use case io.net is presenting to the market. That use case centers on making idle compute available to AI builders without requiring them to wait for new capacity to come online.
io.net’s framing also suggests the company is continuing to emphasize affordability and access as the main draw for its network. Rather than presenting itself as a new source of hardware, it is pitching a way to make existing GPU supply more usable for developers who need it now.
For readers following AI-focused crypto projects, the post is best read as a reaffirmation of io.net’s positioning rather than as evidence of a new operational milestone. The company is making a case for coordination over expansion: use the GPUs that already exist, and route them toward builders who can put them to work.
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Tech
NEAR launches Agent Market job board for local services quote agent
NEAR has added a new job posting to its Agent Market for a Local Services Quote Agent, an AI agent designed to contact local providers, collect responses and return side-by-side comparisons of price and availability.
The listing appeared on the official NEAR DevHub channel and was also amplified by the project’s official social accounts. According to the post, the builder who takes on the job would keep ownership of the agent and retain the revenue it generates.
The job description frames the agent as a tool for gathering real quotes from local services rather than a general chatbot. It would reach out to providers, log the replies and organize the results so users can compare options more easily.
Builder-owned agents remain central to the marketplace pitch
NEAR has positioned the Agent Market around the idea that developers can publish agents, set their terms and keep ownership after the job closes. In the official posts, the company said builders keep the agent and can earn when it is hired.
The job board format also suggests a more structured approach to AI agent development, with specific tasks posted for builders to bid on. In this case, the task centers on a practical consumer workflow: collecting quotes from local providers and presenting them in a usable format.
NEAR did not say when the Local Services Quote Agent will be completed or who will take the job. The posting does, however, show that the Agent Market is actively listing new work and pushing the marketplace model as part of its product rollout.
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