Oracle, player in the U.S. cloud infrastructure market, is ramping up its efforts in generative AI as it competes in a crowded field.
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Oracle's cloud business shows impressive momentum with a 25% jump in revenue, supported by their partnership with Nvidia and future plans.
Oracle's infrastructure stocks soared nearly 10% in after-hours trading following the announcement of a new strategic partnership with AWS.
Oracle is leveraging generative AI to finance operations as generative AI can automate tasks like report generation and data summarization.
Microsoft Corp. and Oracle announced one of the biggest brand partnerships of the year, Oracle Database@Azure.
Google has accused Microsoft of engaging in anti-competitive cloud practices in a letter to the FTC) responding to the FTC's query.
The Federal Trade Commission said on Wednesday it is seeking information from the public on cloud computing companies’ business practices including details on their market power, competition and potential security issues. The U.S. cloud computing business is dominated by four providers that include Amazon.com Inc , Microsoft Corp, Alphabet Inc’s Google and Oracle Corp. None […]
Oracle Corp plans to invest $1.5 billion in Saudi Arabia in the coming years as it builds up its cloud footprint in the kingdom and opens its third public cloud region in Riyadh, a company official said. Saudi officials have pressed international companies to invest in the kingdom and move their regional headquarters to Riyadh […]
In 1963, DARPA (the Defense Advanced Research Projects Agency) funded MIT’s Project MAC on the condition that the developers create a technology allowing for a “computer to be used by two or more people, simultaneously.” And thus, the first pillar of cloud computing was placed. Cloud computing refers to the delivery of computing services (i.e., […]
TikTok is nearing a deal for Oracle Corp to store its U.S. users’ information without its Chinese parent ByteDance having access to it, hoping to address U.S. regulatory concerns over data integrity on the popular short video app, people familiar with the matter said. The agreement would come a year and a half after a […]