Oracle Boosts Generative AI Capabilities amid Cloud Competition Surge

Dan Ives from Wedbush Securities, view Oracle's AI strategy as pivotal for driving growth in the AI revolution

Amid escalating competition in the cloud computing arena and a surge in artificial intelligence (AI) adoption, U.S. cloud infrastructure giant Oracle is ramping up its generative AI capabilities. The burgeoning demand for AI-powered solutions has fueled a corresponding need for robust cloud computing services and expansive data centers. Recognizing this trend, Oracle has been strategically integrating generative AI features into its cloud infrastructure and suite of applications, complementing the existing AI functionalities. Rondy Ng, Executive Vice President of Applications Development at Oracle, explained to CNBC the synergy between traditional AI's numerical prediction prowess and generative AI's ability to articulate explanations in natural language. Ng emphasized the transformative potential of combining these capabilities, citing their collective power in enhancing productivity and reducing operational costs across various business domains.

Oracle's recent announcement of additional generative AI features across finance, supply chain, human resources, sales, marketing, and service applications underscores its commitment to leveraging AI for tangible business outcomes. This follows the earlier integration of generative AI capabilities into the company's technology stack. Industry analysts, including Dan Ives from Wedbush Securities, view Oracle's AI strategy as pivotal for driving growth in the AI revolution. They highlight Oracle's substantial data assets and established client base as key advantages in monetizing AI-driven software solutions.