Cloud deals and GenAI drive Oracle’s higher quarterly revenue
Strong growth in cloud and GenAI infrastructure sales delivered Oracle a slightly higher revenue in the third quarter of fiscal 2024. Overall, quarterly revenue rose 7 percent to 12.17 billion euros ($13.3 billion). Net sales rose 18 percent to a total of about 2.2 billion euros ($2.4 billion).
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SURF Research Cloud offers researchers and educators advanced cloud services
Quistor and SURF have made more cloud technology accessible to education and research. SURF Research Cloud allows researchers and educational institutions to work with Oracle and Microsoft cloud services. Swiss IT service provider Bechtle also contributed to a tender from GÉANT, the European data ... Read more
PaaS for SaaS: Oracle’s platform provides evergreen Fusion Apps
Oracle's cloud story has many facets. The common thread, however, is the glue in between, or platform (PaaS). That, according to Cormac Watters, EVP Applications EMEA at Oracle, is where everything comes together. In other words, "the strength of Oracle is all of it." What does he mean by this?
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Apps on Oracle OCI can now use LLMs
The Oracle Cloud Infrastructure now features the Generative AI service. This makes it easier for apps on OCI to use large language models and generative AI.
The new service offers LLMs from Cohere and Meta for this purpose. Meta's Llama-2 is best suited for text generation, while Cohere offers t... Read more
Nvidia AI training now available on Oracle OCI
Oracle Cloud Infrastructure (OCI) users can now train generative AI models with Nvidia hardware. They can use the Nvidia DGX Cloud AI supercomputing platform and Nvidia AI Enterprise.
DGX Cloud and AI Enterprise training functionality are now available in the Oracle Cloud Marketplace, both tech ... Read more
Oracle offers flexibility for on-prem in Compute Cloud@Customer
Oracle is launching a way to offer its OCI services anywhere with Compute Cloud@Customer. The scalable package offers hardware that can be installed within an organization's server farm. Customers can "develop, deploy, secure and manage" workloads the same way they would in a cloud service.
In d... Read more
Oracle aims to boost HR thanks to generative AI
Oracle is expanding Oracle Fusion Cloud Human Capital Management (HCM) capabilities. Within existing HR processes, the company has added AI functionality for better productivity.
HCM is built on the well-known Oracle Cloud Infrastructure (OCI), the engine behind the tech giant's cloud services. ... Read more
Oracle launches EU Sovereign Cloud that keeps data within Europe
Oracle is launching a cloud infrastructure exclusively for use within EU member states in July. EU Sovereign Cloud will operate first from data centers in Frankfurt and Madrid.
GDPR legislation often rears its head for tech companies. While the EU is dishing out fines, the industry is struggling... Read more
OCI gets new, flexible AMD EPYC-based E5 instances
Oracle continues to build on its offering of AMD instances in Oracle Cloud Infrastructure (OCI). The new OCI Compute E5 instances are based on the 4th generation AMD EPYC processors and come in three different flavors. We briefly introduce them to you in this article.
The partnership between Ora... Read more
Oracle’s strategy for generative AI revolves around infrastructure and apps
Oracle has multiple large AI projects. The company finds generative AI appealing as well. Yet Oracle does not seem to be entering the race for the best AI chatbot, as OpenAI, Microsoft and Google do. Oracle is looking at different strategies. It provides the underlying infrastructure for AI and is ... Read more