AI ON THE CLOUD

Betting big on its expertise in cloud services to train generative AI models, Oracle has bagged contracts worth $4 billion

BY NIDHI SINGAL

▶ EVER SINCE THE arrival of generative artificial intelligence (AI) platforms like ChatGPT and Bard a year ago, the race among big tech companies to embrace this transformative tech has only intensified. Global software giant Oracle Corporation, too, is making strides by tying up with companies like NVIDIA and Elon Musk’s xAI. Oracle, like many of its peers, has been using AI for quite some time, but “this [generative AI] is different,” says Founder Larry Ellison. “It is a revolution, a breakthrough; it’s transformational. It’s fundamentally changing things at Oracle,” he says. Ellison, who has closely seen technology evolve through the years, is one of the few people who can say this with authority. He co-founded Oracle in 1977; and even at the age of 79, serves as its Chairman and…

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Business Today (Digital) - 1 Issue, 29 October 2023

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