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Oracle gains as cloud infrastructure business gets AI boost

Economic Times

Economic Times · 1y ago

Oracle gains as cloud infrastructure business gets AI boost

Oracle's shares surged almost 9% on Wednesday, driven by increasing demand for its low-cost cloud infrastructure services for artificial intelligence applications. If sustained, this surge could add over $28 billion to Oracle's market valuation. The company's cloud infrastructure unit has been growing, offering competitive options to rivals like Google, Microsoft, and Amazon. Oracle has partnered with OpenAI and Google Cloud to extend its cloud infrastructure, further establishing its credibility as an AI platform. However, despite this positive news, Oracle's Q4 results fell short of expectations due to competition in its legacy database and enterprise resource planning software business.

Related News

Oracle Layoffs 2025: US & India OCI Teams Cut Amid AI Push

StartupTalky

StartupTalky · 3d ago

Oracle Layoffs 2025: US & India OCI Teams Cut Amid AI Push

Oracle has laid off about 10% of its Indian workforce as part of a global restructuring effort, reportedly influenced by US policy changes under President Trump to reduce outsourcing. The layoffs primarily affect Oracle Cloud Infrastructure teams in India and the US, with notable cuts in Canada and Mexico as well. Despite job losses, Oracle is heavily investing in AI operations and aggressively hiring in other regions, aligning with a broader tech industry trend prioritizing AI infrastructure.

Oracle, Microsoft Join Forces to Enhance Bing

Startup News FYI

Startup News FYI · 1y ago

Oracle, Microsoft Join Forces to Enhance Bing

Oracle and Microsoft have entered a multi-year agreement to enhance AI services. Microsoft is incorporating Oracle Cloud Infrastructure (OCI) AI infrastructure into its existing Azure AI infrastructure to power Bing's conversational searches. The collaboration aims to meet the growing demand for conversational search by leveraging robust computing infrastructure clusters. This partnership will provide innovative experiences to a global audience and improve the search experience on Microsoft Bing. Thousands of compute and storage instances, along with GPUs, will operate in parallel as a single supercomputer for efficient processing of massively parallel applications.

Oracle has reportedly suffered 2 separate breaches exposing thousands of customers‘ PII

Arstechnica

Arstechnica · 4m ago

Oracle has reportedly suffered 2 separate breaches exposing thousands of customers‘ PII

Oracle reportedly faced two data breaches affecting Oracle Health and Oracle Cloud, exposing sensitive personal information of customers. Reports indicate that Oracle Health's breach involved patient data from US hospitals, while the Oracle Cloud breach involved authentication data for 140,000 customers. Oracle has denied a breach in its cloud infrastructure. However, inconsistencies in the company's response and unofficial breach notifications have been notable concerns. The situation remains under scrutiny, with Oracle declining further comment.

Oracle’s missteps in cloud computing are paying dividends in AI

Livemint

Livemint · 11m ago

Oracle’s missteps in cloud computing are paying dividends in AI

Oracle has made a surprising comeback in the tech industry as a leading provider of cloud computing for AI developers. Despite being considered a dinosaur of the pre-cloud era, Oracle has positioned itself as a strong player in the cloud market, particularly in AI. Its late entry into the game has allowed it to build data centers specifically designed for AI development and training. Additionally, Oracle's partnerships with Microsoft, Google, and Amazon, as well as its relationships with AI startups, have contributed to its recent success. The company's AI business is expected to grow significantly in the coming years. However, there are concerns about the transitory nature of AI spending on Oracle's services.

Yotta, nasscom, and Telangana AI Mission launch Shambho accelerator programme

YourStory

YourStory · 11m ago

Yotta, nasscom, and Telangana AI Mission launch Shambho accelerator programme

Yotta Data Services has unveiled Shambho, an accelerator programme for cloud and AI startups, supported by nasscom AI and Telangana AI Mission. Startups will have access to AI and cloud infrastructure, mentorship, and technological support. Selected startups will receive credits of up to $200,000 for Yotta's Shakti Cloud supercomputer. Customised mentorship sessions, training, and technical support will also be provided. Joining the Yotta ecosystem will offer additional business opportunities, such as networking events and membership in startup communities. The programme aims to boost India's AI innovation and encourage the development of cutting-edge solutions.

Donald Trump launches $500B Stargate project to boost AI infrastructure in the US

YourStory

YourStory · 6m ago

Donald Trump launches $500B Stargate project to boost AI infrastructure in the US

US President Donald Trump announced the launch of 'Stargate,' a $500 billion joint venture by OpenAI and SoftBank, to boost AI infrastructure in the US. The initiative, initially funded by SoftBank, OpenAI, Oracle, and MGX, aims to create over 100,000 jobs and secure US leadership in AI. Key technology partners include Oracle, NVIDIA, and Microsoft. The project includes constructing data centers across the country, supporting AI model training, and enhancing national security.

Oracle turns rivals into partners in pursuit of cloud ambitions

Livemint

Livemint · 11m ago

Oracle turns rivals into partners in pursuit of cloud ambitions

Oracle has partnered with Amazon Web Services (AWS) to offer its customers the option to use its flagship database software within the AWS cloud platform. The move is part of Oracle's strategy to build alliances with major cloud providers, including Microsoft Azure and Google Cloud, and cater to customers who want to use its databases in the cloud. Oracle will place its hardware inside AWS data centers to enable faster processing between the platforms. The partnership signifies a departure from previous rivalries between Oracle and AWS, as both companies seek to meet the evolving demands of the cloud and AI era.

Microsoft's AI edge under scrutiny as OpenAI turns to rivals for cloud services - The Economic Times

Economic Times

Economic Times · 19d ago

Microsoft's AI edge under scrutiny as OpenAI turns to rivals for cloud services - The Economic Times

Microsoft's AI edge is under scrutiny as OpenAI considers rivals Google, Oracle, and CoreWeave for cloud services, despite exclusive licensing deals bolstering Microsoft's Azure cloud business. OpenAI's potential public listing and renegotiation of its partnership with Microsoft could impact their stake in ChatGPT technology. While Microsoft's stock shows confidence, investor opinions on the partnership are divided, with Microsoft's AI capacity and expenditure under focus amidst rising competition and evolving market dynamics.

Top companies back move to set up open cloud compute network

Economic Times

Economic Times · 1y ago

Top companies back move to set up open cloud compute network

A digital public infrastructure (DPI) is being developed in India, aiming to create a network of interoperable data centres. Major cloud company Oracle and AI infrastructure firm Neev Cloud have given approval to join the network. The initiative, called People+Ai, is addressing the increasing demand for compute power in the country, particularly with the rise of AI applications. The Open Cloud Compute (OCC) project aims to create an open network where customers can find micro data centres, new players can build them, and investors can get involved. The network is set to serve both domestic and global customers.

Amazon, built by retail, invests in its AI future

Livemint

Livemint · 1y ago

Amazon, built by retail, invests in its AI future

Amazon is planning to invest over $100 billion in data centers over the next decade, prioritizing its cloud computing and artificial intelligence (AI) infrastructure. The move reflects the company's recognition of the importance and high costs of AI in driving future growth. The increased investment in data centers is part of Amazon's shift towards an era where cutting-edge cloud equipment is more crucial for growth than expanding its network of retail warehouses. Amazon's cloud business, AWS, has consistently been a profitable area for the company, and AI is expected to further boost demand for its cloud computing services.

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