Oracle overtakes cloud giants thanks to bet on artificial intelligence
It turns out Oracle is demonstrating impressive growth, overtaking traditional cloud computing leaders. And masterfully using the AI wave to its advantage.
At the center of this success is 5-year partnership with OpenAI, which becomes cornerstone of Oracle’s future strategy. The company makes bold bet on ChatGPT creator’s ability to attract billions in investments. Although Financial Times analysts note some uncertainty regarding how Oracle can ensure significant profit in highly competitive cloud computing market.
Oracle’s aggressive personnel strategy is impressive. The company actively poaches key specialists from AWS, Google and Microsoft. Seeking to radically increase its competencies in data center area.
Special role in Oracle’s expansion was played by company’s ability to take advantage of temporary resource shortage among competitors. As well as founder Larry Ellison’s personal connections. This multifaceted strategy led to formation of impressive partnership portfolio including ByteDance, OpenAI, xAI and Nvidia.
As a result, we observe interesting transformation. Oracle is turning from catching-up player into preferred choice for many companies deploying infrastructure for artificial intelligence.
Autor: AIvengo
For 5 years I have been working with machine learning and artificial intelligence. And this field never ceases to amaze, inspire and interest me.
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