Texas-based technology giant Oracle is ramping up its investments in artificial intelligence (AI) in India, aiming to assist enterprises in scaling AI and generative AI (GenAI).
“Oracle is bringing AI to the enterprise across every layer of the stack, including software-as-a-service (SaaS) applications, AI services, data, and infrastructure,” stated Chris Chelliah, Senior Vice President (VP) of Technology and Customer Strategy at Oracle Japan and Asia Pacific. He made these remarks during the Oracle Data & AI Forum held in Bengaluru.
The latest release of Oracle’s converged database, Oracle Database 23ai, reflects the company’s significant focus on AI. This version introduces Oracle AI Vector Search and over 300 additional major features aimed at simplifying AI utilization with data, expediting application development, and facilitating mission-critical workloads.
“The new AI Vector Search capabilities empower customers to seamlessly integrate search functionalities for documents, images, and other unstructured data with searches on private business data, all without the need for data movement or duplication,” Oracle explained in a statement. “Oracle Database 23ai brings AI algorithms directly to the data source, enabling real-time AI operations within Oracle databases. This advancement significantly enhances AI effectiveness, efficiency, and security.”
Oracle Database 23ai is accessible on Oracle Cloud Infrastructure through services like Oracle Exadata Database Service, Oracle Exadata Cloud@Customer, Oracle Base Database Service, and Oracle Database@Azure.
“This release of Oracle Database is a game-changer for enterprises worldwide,” declared Juan Loaiza, Executive Vice President of Mission-Critical Database Technologies at Oracle. “Given the groundbreaking AI technology incorporated in this release, we have renamed it Oracle Database 23ai.”
Oracle’s third-quarter Cloud revenue, encompassing infrastructure-as-a-service and SaaS, reached $5.1 billion, marking a 24% increase in constant currency. Meanwhile, its total revenue grew by 7% in constant currency to $13.3 billion.
As part of its global AI expansion strategy, Oracle intends to invest approximately $10 billion in data center expansion. Presently, it operates 68 customer-facing Cloud regions, with two new regions becoming operational this year.
Oracle plans to enhance capacity at 66 existing data centers to accommodate the burgeoning demand for AI workloads and enterprise migrations, as outlined during a post-earnings call by Oracle’s management team.
Source: business-standard.com
