Oracle: Competition for NVIDIA, Microsoft & Co, as Oracle Enhances Generative AI Capabilities5/12/2024
Senior Editor & Author: Alexander Ellington Oracle - Discover how Oracle is enhancing its AI capabilities to compete with giants like NVIDIA & Microsoft. Learn about Oracle's investments in generative AI, its impact on Oracle stocks, & its strategy for growth in the AI sector. Oracle AI is flourishing! The cloud service company Oracle has recently lagged behind its largest competitors. For some time now, Oracle has been enhancing its AI capabilities to keep up in the fiercely competitive market. The AI sector is fiercely competitive, and competition is growing as more and more companies jump on the bandwagon. As a result, there is also an increasing demand for cloud computing services and data centres. This is because large amounts of data are required for training AI models, and access to vast datasets is available through the cloud, CNBC explains. However, Oracle has recently lagged behind competitors such as Amazon, Microsoft, and Google. According to the Synergy Research Group, which ranks Oracle alongside IBM as the sixth-largest provider of cloud services globally, the market share of cloud infrastructure services is increasing. And while Oracle was late to jump on the cloud infrastructure bandwagon, the artificial intelligence boom has increased demand for the company's technology. Larry Ellison, Chairman and Chief Technology Officer of Oracle, described cloud computing in 2018 as "complete nonsense." Oracle Enhances AI Capabilities Now, the cloud infrastructure provider Oracle is enhancing its generative AI capabilities. The company has already introduced generative AI features into its cloud infrastructure and applications to complement the traditional AI embedded in them. "Classic AI is very good at recognizing patterns or predicting numbers... but you can't use large language models to predict numbers," explained Rondy Ng, Executive Vice President of Application Development at Oracle, to CNBC. "So we've combined the ability to predict numbers with the ability to explain in words. So both together become very powerful, and you need both. In recent years, the part for predicting numbers has become very mature. As part of the product, we continue to develop it, and it won't stop. Generative AI is currently on everyone's lips." Just a few weeks ago, the US Company also announced its intention to make a billion-dollar investment in AI solutions. Within the next ten years, Oracle plans to invest over eight billion US dollars in its Japanese branch to expand its cloud computing and AI areas, Oracle stated in a press release. Furthermore, the company plans to strengthen its support team in both Tokyo and Osaka. This measure is intended to encourage governments and businesses to migrate their data to the Oracle Cloud and utilize it more effectively through the use of "sovereign AI solutions." Oracle claims that currently, only they can provide both an AI platform and a comprehensive range of more than 100 cloud services locally and globally. Additionally, Oracle announced in early April its intention to collaborate with Palantir on artificial intelligence and cloud services in the future. Both companies aim to jointly sell cloud and AI services in government and commercial sectors and provide corresponding support. In March, Oracle also announced the integration of additional generative AI features into applications for various business areas such as finance, supply chain, human resources, sales, marketing, and customer service. These generative AI features can perform tasks such as creating financial reports and writing job advertisements, which is expected to increase productivity and reduce business costs. This announcement followed the implementation of generative AI into the company's entire technological infrastructure announced in January, CNBC explains. Future Prospects for Oracle "We believe that Oracle is experiencing a growth renaissance with its AI strategy. [It is] well positioned to be a major beneficiary of the AI revolution," said Dan Ives, CEO of Wedbush Securities, via email to CNBC. "The data on which Oracle is based and the installed base provides Ellison & Co. with a significant advantage in monetizing the software layer of AI," said Ives, referring to Oracle CEO Larry Ellison. JPMorgan expressed the view that the introduction of generative AI could gradually increase IT spending and promote growth throughout the software industry. According to CNBC, in a statement on March 12, JPMorgan analysts stated that numerous software providers, including Oracle, are benefiting from ongoing corporate investments in AI technologies. The US investment bank predicted that Oracle might experience an increase in revenue and positive impacts on its stocks if it manages to secure a larger share of AI spending than expected.
"Generative AI services fundamentally offer a significant advantage over our competitors. Competitors are forced to collaborate with various companies and cloud providers for such infrastructures and services. In contrast, we integrate everything into a single stack and fully utilize it," Ng told CNBC. Ellison also discussed future market opportunities. According to him, more national and state government applications could run on platforms like Oracle. Therefore, the company is already in negotiations with several countries. Oracle Stocks - Analysts on Wall Street also predominantly view Oracle's stock optimistically. Out of a total of 29 ratings captured by TipRanks in the past three months, there is a moderate buy recommendation (16x Buy, 13x Hold). The average price target is $139.13, representing a potential change of 19.44 percent compared to the last price of $117.93 (as of May 7, 2024). Senior Reporter & Author: Lax Marshal AI Stocks - Explore the latest trends in AI stocks with our comprehensive guide. Learn how Artificial Intelligence stocks are reshaping the investment landscape. Stay informed on AI stock market updates & make informed decisions. Start digesting AI Stocks now! NASDAQ Stock NVIDIA: Goldman Sachs Sees "Continued Robust Demand for AI Servers" - Price Target Raised The NVIDIA AI Stocks has seen significant gains both last year and this year. Analysts at the US investment bank Goldman Sachs believe that the peak hasn't been reached yet and expect a further increase in NVIDIA AI Stocks. AI Stocks - On Tuesday, analysts at the US investment bank Goldman Sachs reaffirmed their buy recommendation for semiconductor company NVIDIA's stock and raised their price target from $1,000 to $1,100, as reported by Investing.com. The NVIDIA AI stock closed trading on the NASDAQ at $921.40 on Monday. Therefore, Goldman Sachs analysts expect a potential upside of 19.38% for NVIDIA AI Stocks. Since the beginning of the year, the shares of the AI beneficiary have already gained around 86%. "Despite NVDA's outperformance since the beginning of the year, we see positive EPS revisions that will lead to further stock appreciation, especially as NVDA is trading at a 35x multiple or only a 36% premium to our coverage universe, compared to the average premium of the last three years of 160%," said the analysts. AI expected to remain a key growth driver Recently, NVIDIA raised its non-GAAP earnings per share estimates for fiscal years 2025 through 2027 by an average of eight percent, "to reflect industry data points indicating continued robust demand for AI servers and improvement in supply," according to Investing.com citing Goldman Sachs analysts. At Goldman Sachs, there is conviction that AI will remain the key growth driver for NVIDIA Stocks. Artificial Intelligence Stocks - Analysts expect strong demand for AI-related data processing and networking technology to continue to drive data centre performance, hence they now forecast sequential data centre growth of 10 percent for the second quarter, 17 percent for the third quarter, and 5 percent for the fourth quarter. According to Investing.com, experts anticipate that AI spending is likely to persist beyond this year. More AI Stocks Analyst Ratings Over the last three months, 41 Wall Street analysts assigned a 12-month price target to NVIDIA stocks. The average price target is $1,005.59, offering a 9.14% upside from Monday's closing price. The range of price targets is wide: while the highest forecast is $1,400.00, the lowest price target is $620.00. Out of the 41 analysts, 39 recommend buying NVIDIA AI Stocks and two have given a "hold" rating, with no sell recommendations. Monitoring NVIDIA AI Stocks On Tuesday, NVIDIA stock is temporarily down 1.92% in NASDAQ trading at $903.72. With knock-outs, speculative investors can participate disproportionately in AI Stock price movements. |
AI Developments - Explore the latest in AI Developments & AI Technology at our news hub. Stay updated on Artificial Intelligence Development, cutting-edge AI breakthroughs, & ChatGPT advancements. AI Developments are #1 source for concise, insightful AI news.
Artificial Intelligence Developments: Welcome to our cutting-edge portal dedicated to the latest AI Developments and breakthroughs in Artificial Intelligence (AI). As a premier source for AI Development news, we keep you abreast of the dynamic advancements in the world of Artificial Intelligence Development. Unveiling AI Developments Explore the forefront of innovation with our in-depth coverage of AI Developments. From breakthrough technologies to emerging trends, we bring you comprehensive insights into the ever-evolving landscape of Artificial Intelligence Development. Navigating Artificial Intelligence Development Dive into the intricacies of AI Development as we unravel the latest breakthroughs and trends shaping the future. Whether you're interested in the theoretical aspects or the practical applications, our platform (AI Developments} provides a holistic view of Artificial Intelligence Development. AI Development Insights Stay informed with our dedicated coverage of AI Development, offering valuable insights into the methodologies, tools, and best practices driving progress in Artificial Intelligence. From research laboratories to industry applications, we bring you the most relevant information on AI Developments. Artificial Intelligence Development Trends Explore the trends that define the field of Artificial Intelligence Development. Our platform (AI Developments) is your go-to source for staying updated on the cutting-edge technologies, methodologies, and industry collaborations that are shaping the trajectory of AI. Your Gateway to AI Innovation As your gateway to AI innovation, AI Developments curate the latest news and updates on Artificial Intelligence Development. Whether you are a tech enthusiast, researcher, or industry professional, our platform provides a comprehensive overview of the most significant developments in AI. Future-proofing with AI Discover how AI Development is influencing various sectors and industries. From healthcare and finance to manufacturing and beyond, our platform explores the transformative impact of Artificial Intelligence Development, helping you stay ahead in an AI-driven world. Stay Informed, Stay Ahead
Join AI Developments at the forefront of AI news as we navigate the ever-evolving landscape of AI Development and Artificial Intelligence. Stay informed, stay ahead, and delve into the exciting possibilities that AI continues to unfold. Welcome to your trusted source for AI Developments and Artificial Intelligence news. Exploring AI Developments AI Developments' commitment to delivering cutting-edge AI news extends across a diverse range of topics within the artificial intelligence domain. Dive into the forefront of AI technology with our extensive coverage on ChatGPT news, Generative AI, ai chatbot, and the latest advancements in openai chat. From AI chat online experiences to the intricacies of AI technology and AI ops, we've got you covered. Unravelling the World of Chat AI AI Developments: Explore the dynamic realm of chat AI with our in-depth discussions on AI chatgpt, AI chatbot gpt, and the best ai practices. Engage with open AI chat experiences and discover the potential of AI chat online interactions. Our platform Artificial Intelligence Developments is dedicated to keeping you abreast of the most recent developments in artificial intelligence chat, whether it's the fascinating world of Chat GPT AI or the transformative potential of AI GPT chat. Navigating AI in Various Industries Delve into the future of AI in finance, manufacturing, and medicine as we unravel the impact of AI development on these critical sectors. From AI automation revolutionizing manufacturing processes to the application of Python AI in the healthcare domain, AI Developments serves as your go-to resource for understanding the future of AI in diverse industries. Top AI Companies and Innovations
Stay updated on the top AI companies and their groundbreaking innovations. Our coverage includes insights into AI data analytics, AI ML, and the remarkable achievements of companies leading the AI summit. Whether it's exploring Document AI or delving into the potential of AI bots, Artificial Intelligence Development keeps you informed about the forefront of artificial intelligence website developments. The Intersection of AI and Machine Learning Uncover the synergy between AI and machine learning with our dedicated discussions on AI and ML chatbot. Explore the possibilities of AI in machine learning and discover how these technologies are reshaping the landscape of online AI experiences. Engage with AI to talk to, and stay informed about the latest trends in AI advertising and AI machine learning. Your Trusted Source for AI Insights As your trusted source for AI insights, we provide a holistic view of AI development, ensuring you're well-versed in the latest trends and breakthroughs. From Leonardo AI to AI development strategies, we cover it all. Our platform aims to be the best resource for those seeking valuable information on the present and future of artificial intelligence. Stay connected with Artificial Intelligence Developments to stay ahead in the ever-evolving world of AI Developments. Explore, engage, and enhance your understanding of artificial intelligence with our comprehensive coverage. Senior Editor & Author
Alexander Ellington Education: American University, BA in Journalism Alexander Ellington is the chief editor and reporter for AI Developments and a number of other media websites. He has compiled a variation of topics and covered a broad range of news stories throughout local, national, and international assignments. Alexander Ellington has also been writing and publishing news since 2005. Senior Reporter & Author Lax Marshal Manhattan, New York, United States Lax Marshal is the senior editor and reporter of AI Developments and he covers AI Ethics & ChatGPT . Ray James has been covering news since 2014 and has been writing press since 2008. Manhattan, New York, United States News Editor & Author Rick Anthony Rick Anthony is AI Developments correspondent, currently covering the AI ChatGPT developments and global Artificial Intelligence affairs. New York, NY, United States New York, NY, United States, New York, NY, United States Contact Email: [email protected] Archives
June 2024
Categories
All
Now.gg Roblox - Play Roblox on now.gg Online Free, Anytime, Anywhere: https://www.linkedin.com/pulse/nowgg-roblox-play-online-free-anytime-anywhere-seo-services-x6dfe
Now GG Roblox: The No #1 Guide to Maximize Your Roblox Experience & Play Roblox Online Free: https://www.linkedin.com/pulse/now-gg-roblox-1-guide-maximize-your-experience-play-online-services-5nmje
Now GG Roblox: The No #1 Guide to Maximize Your Roblox Experience & Play Roblox Online Free:https://www.linkedin.com/pulse/now-gg-roblox-1-guide-maximize-your-experience-play-online-services-5nmje/
AI Developments - Best 10 AI Developments for 2024 & after: https://www.linkedin.com/pulse/ai-developments-best-10-2024-after-seo-services-hkuoe AI Developments Subscription for fresh AI related news, innovations and Offers Upgrade your reality with AI Developments! 🌈 Subscribe to accelerate AI breakthroughs. Every subscription takes us one step closer to a smarter world. Join the movement! #AIDevelopmentsRevolution Subscribe by clicking the PayPal Subscribe button bellow. |