The fund will invest in next-gen networks, cloud computing, and IoT-enabled smart city tech, rather than fiber cables, data centers, and wireless towers.
“The enterprise software market is doing well. But it’s all about the cloud for Oracle. It’s about making that migration and Larry was really late doing that.”
Reporting earnings, its CFO said most of the growth this quarter will come from gaming, creating concern that that spells slower growth for the data center division.