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

Oracle Chairman Larry Ellison

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• Fears 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.

Oracle executives downplayed fears that AI will spell the death of software-as-a-service companies.

Oracle...