The article discusses Oracle’s plans to compete with major tech companies like Nvidia and Microsoft in the rapidly growing artificial intelligence (AI) market. Oracle, led by co-founder Larry Ellison, aims to leverage its cloud infrastructure and database expertise to offer AI services. Ellison believes Oracle’s cloud platform, combined with its AI capabilities, can outperform rivals like Amazon Web Services (AWS) and Microsoft Azure. The company is investing heavily in AI research and development, with a focus on areas like natural language processing and computer vision. Oracle’s strategy involves offering AI services through its cloud platform, enabling customers to build and deploy AI models without the need for specialized hardware. The article highlights Oracle’s partnership with Nvidia to integrate the latter’s AI chips into Oracle’s cloud infrastructure. Ellison is confident that Oracle’s AI offerings will be a game-changer, predicting that the company’s stock price could potentially double or triple by 2024 if its AI strategy succeeds.
Source: https://www.businessinsider.com/oracle-stock-price-ai-tech-larry-ellison-cloud-nvidia-musk-2024-12