Ellison Says AI Will Complete Software, Not Kill SaaS
At Oracle AI World, Oracle's co-founder argued AI lets the industry finish applications sector by sector rather than ending SaaS businesses.
Oracle co-founder Larry Ellison used his Oracle AI World keynote to reject the idea that AI will trigger a "SaaSpocalypse" by letting every company build its own applications. According to techradar.com, Ellison argued that AI will instead let the software industry complete applications industry by industry for the first time.
Ellison said applications should require no training, with users getting results by describing what they want in natural language. In his view, the technology changes how software is used rather than replacing the software business itself.
The message was echoed on the NetSuite side. NetSuite Chief Operating Officer Brian Chess said it is acceptable to Oracle if customers never log in, as long as the company remains their system of record.
Oracle shares rose about 14% to $144.14 over the couple of days of Oracle AI World.
Context
The rally follows a weaker stretch for the stock: according to the article, Oracle shares stood at a late 2025 high of $330.34, well above their level during Oracle AI World 2026.
Quick answers
What did Larry Ellison say about AI and SaaS at Oracle AI World?
He said AI will not cause a "SaaSpocalypse" by letting every company build its own applications, and will instead let the software industry complete applications industry by industry.
How did Oracle shares move during Oracle AI World?
They rose about 14% to $144.14 over the couple of days of the event.
What did NetSuite's COO say about customers logging in?
Brian Chess said it is acceptable to Oracle if customers never log in, as long as the company remains their system of record.