CNBC April 29, 2024
Key Points
– Oracle in March announced new generative AI features embedded across applications in finance, supply chain, HR, sales, marketing, and service.
– “Generative AI is basically the talk of the town right now,” Rondy Ng, executive vice president of applications developement at Oracle, told CNBC.
U.S. cloud infrastructure provider Oracle is boosting its generative AI capabilities as cloud competition intensifies and more companies jump into AI.
The AI boom — fueled by the launch of chatbot ChatGPT in November 2022 — is driving an increase in demand for cloud computing services and data centers, as large amounts of data are required in AI model training and the cloud provides access to vast datasets.
Oracle has been introducing generative...
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