Frankly delusional.
Several years ago, I had a job working for a tiny IT outfit, based in a disused mental hospital. We had a grand total of 8 staff - 2 support engineers, 2 Microsoft consultants, a web designer and 3 managers. All our business came from a single client, whom the managers had worked for years previously; they'd never managed to acquire any other clients at all. We were decidedly small-time, though the MD seemed to think we were a Big Player in the IT world.
I'll always recall a Skype meeting with Microsoft's VP for Europe, when we were looking to renew our Gold Partner status, which we were not entitled to, since we didn't have enough MS-certified staff. Frustrated by the VP pointing this out, the MD blurted out 'We have engineers here who could be writing software that YOU could SELL!', quite ignoring the fact that not a single person in the building could code. The MS Veep simply sat in silence for about ten seconds, then carried on as if our MD hadn't just said something unfathomably stupid.
THAT is the same level of delusion necessary to think that Oracle are going to be anything more than a bit player in cloud at this point.
This guy talks about AWS as if it doesn't control more of the market - and is growing faster, in absolute terms - than the next 4 competitors combined. He talks about Azure as if it's some tiny, plucky competitor to Oracle, despite Azure being some 5 times the size of Big Red's offering. He barely mentions Google or IBM at all.
I always kind of assumed that Oracle's approach to cloud, after having missed the boat through Larry's insistence it would come to nothing, is just to pretend like they know what their doing and have a Cunning Plan. This interview more or less confirms that, imo.