Oracle's Larry Ellison downplays software apocalypse fears: 'We think the SaaSpocalypse applies to others, but not to us'

Source: Business Insider

Oracle Chairman Larry EllisonAndrew Harnik/Getty ImagesFears that AI will replace traditional software tools have driven a sell-off of software stocks. Oracle Chairman Larry Ellison said he thinks it's a problem for other companies, but not his. "That's why we think the Saaspocalypse applies to others but not to us," he said on the earnings call.