Oracle Chairman Ellison: 'Saaspocalypse' Doesn't Affect Us—Oracle Will Be the Disruptor

Recently, market concerns about AI replacing traditional SaaS tools have risen. After Anthropic released new AI agent tools, software stocks like Salesforce and Asana saw sell-offs, sparking talks of a 'Saaspocalypse'.

Oracle Chairman Larry Ellison said in an earnings call that these worries are overblown—'Saaspocalypse' only affects others, not Oracle. He noted new programming tools help Oracle build agent-based software for industries like healthcare and finance, making Oracle a disruptor.

CEO Mike Sicilia added Oracle is quickly embracing AI, embedding agents into existing apps and developing new SaaS products. Customers aren't planning to abandon core systems (like retail management or banking systems) for scattered AI features.