Oracle gains as cloud infrastructure business gets AI boost

Figurines with computers and smartphones are seen in front of Oracle logo in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/IllustrationOracle shares jumped nearly 9 per cent on Wednesday as investors cheered a boom in demand for the company's relatively low-cost cloud infrastructure services from artificial intelligence applications.

Oracle's cloud infrastructure, pitched as a less-expensive option to its rivals, has attracted business from venture capital-funded generative AI startups, including Elon Musk's xAI. The partnership enables OpenAI to use Microsoft's Azure platform on Oracle's infrastructure for some use-cases, while its new language learning models are being trained on a supercomputer built with Microsoft, the ChatGPT-maker said.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Singapore stocks open lower on Wednesday—STI dropped by 0.1%Straits Times Index (STI) dropped by 0.1%, losing 3.37 points at 3,326.72
Fonte: IndependentSG - 🏆 9. / 63 Consulte Mais informação »

Amazon Web Services plans $8.4 billion cloud investment in GermanySTOCKHOLM : Amazon Web Services (AWS) said on Wednesday it plans to invest 7.8 billion euros ($8.44 billion) in Germany through 2040 as it builds a cloud computing infrastructure specifically for Europe.
Fonte: ChannelNewsAsia - 🏆 6. / 66 Consulte Mais informação »