Oracle injects AI into database, cloud infrastructure, and applications
In June, Oracle entered the generative AI market, striking a deal to provide large language models to customers and announcing billions of dollars in cloud computing commitments from startups. Three months later, the company is delivering broad access to the powerful AI technology across cloud infrastructure, electronic health record software, ERP, and more. Signed business from AI developers has doubled to $4 billion.
“Generative AI showed up about a year ago now, and it changes everything,” said Chairman and Chief Technology Officer Larry Ellison during his keynote at Oracle CloudWorld. “It’s certainly changing everything at Oracle.”
McKinsey & Co. estimates generative AI and related technologies could add up to $4.4 trillion to global GDP as half of today’s work in areas including sales, marketing, coding, and R&D becomes automated between 2030 and 2060.
Oracle and Mastercard are partnering to offer companies faster access to working capital by automating end-to-end B2B payment transactions directly from their Oracle Fusion Cloud ERP applications.
Explore generative AI, including how it works; applications, use cases, and examples; its limitations, potential business benefits, and risks; best practices for using it; and a glimpse into its future.
