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Elon Musk has lost his title as the world's richest person, a position he has held except for two brief periods since 2021, to Bernard Arnault of LVMH and Jeff Bezos of Amazon. Meanwhile, Oracle is capitalizing on the rise of artificial intelligence as a leading infrastructure provider, recently signing a multi-billion-dollar agreement with OpenAI to build data centers with a capacity of 4.5 gigawatts. Oracle's CEO, Safra Catz, reported during a quarterly earnings presentation that the company secured four major contracts, with additional significant deals in negotiation.