Oracle's Chairman, Larry Ellison, revealed that the company has divested its roughly 29% ownership in chip design firm Ampere Computing, reaping a pre-tax gain of approximately $2.7 billion. Earlier, Japan's SoftBank had purchased Ampere Computing for $6.5 billion in a cash-only transaction. Speaking during the earnings call, Ellison emphasized that Oracle sees little strategic merit in independently designing, producing, and utilizing proprietary chips within the cloud data center landscape. Consequently, the company is adopting a 'chip-agnostic' stance to swiftly adapt to shifts in AI technology. Oracle will persist in procuring NVIDIA GPUs and possesses the capacity to integrate a diverse array of chips. In contrast to rivals who are vigorously pursuing bespoke processor development, Oracle has opted for a 'systems integrator' approach and is rapidly broadening its network of hardware collaborators. In October, Oracle inked a deal with AMD to unveil a public AI supercluster, fueled by AMD Instinct MI450 GPUs, in the third quarter of the coming year, initially comprising 50,000 GPUs.