As the demand for AI technologies continues to rise, U.S. cloud infrastructure provider Oracle has been focusing on boosting its generative AI capabilities. The intensifying cloud competition has led Oracle to introduce new features to its cloud infrastructure and applications to stay ahead in the game.
Oracle has recognized the significance of generative AI, especially in a world where AI is becoming increasingly popular. Rondy Ng, the executive vice president of applications development at Oracle, highlighted the importance of combining predictive numbering capability with language models to enhance the overall AI experience. This move has positioned Oracle as a major player in the AI revolution and has allowed them to capitalize on the vast amount of data they sit on.
In a bid to stay ahead of the competition, Oracle announced additional generative AI features embedded across various applications including finance, supply chain, human resources, sales, marketing, and service. These features enable tasks such as generating financial reports and drafting job ads, leading to improved productivity and reduced business costs.
Despite lagging behind competitors like Amazon, Microsoft, and Google in cloud infrastructure market share, Oracle’s focus on AI technologies has put them in a favorable position. With a surge in demand for AI technologies, Oracle is expected to witness an increase in revenue and positive impacts on its shares if they manage to capture a larger share of the AI spending market.
Looking ahead, Oracle is eyeing future market opportunities, such as running national and state government applications on platforms like Oracle Cloud Infrastructure. The company is also exploring the concept of sovereign AI cloud, which is gaining traction as more countries seek to store their data within their borders. Furthermore, Oracle’s investment plans in Japan and their partnership with Nvidia to deliver sovereign AI solutions indicate a commitment to grow their presence in the cloud and AI space.
Oracle’s strategic focus on enhancing generative AI capabilities in its cloud infrastructure and applications showcases its commitment to innovation and staying ahead of the competition. With the AI revolution driving demand for cloud services and data centers, Oracle’s investment in AI technologies positions them as a key player in the evolving landscape of cloud computing. As the company continues to expand its offerings and explore new opportunities in the market, Oracle is well poised to capitalize on the growing demand for AI technologies.
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