Oracle Q3 Earnings: 5 Things To Know
Wade Tyler Millward
Oracle continues to assert that its technology beats that of cloud’s big three of Amazon Web Services, Microsoft and Google Cloud.
AI An Oracle Business Opportunity
Still, the embrace of AI overall has been a boon for Oracle, Ellison said.
“There’s actually more demand for AI processing than there is available capacity,” he said. “And we’re short. We are expanding as fast as we can. It’s really interesting. It’s an exciting opportunity. But it’s challenging when there’s more demand than supply.”
Oracle also incorporates AI and automation into its regular offerings, including Oracle Cloud Infrastructure (OCI) data centers and the Oracle Autonomous Database, he said.
Oracle Fusion and OCI customers have had access to AI that shortens book closing to days from weeks, provides more relevant sales leads and improves security, Catz said on the call.
“Given our scale and our information advantage across industries and technologies, we are constantly training our applications to do more for our customers, whether it’s further automating processes, providing critical and timely recommendations, offering insight … or flagging potential issues,” she said. “That’s real enterprise AI. It’s what customers are looking for. It’s designed into everything we do.”