CIO Business Intelligence

SEPTEMBER 12, 2023

As of today, AI development companies have signed contracts to purchase more than $4 billion of AI training capacity in Oracle’s Generation 2 cloud. For the first quarter of fiscal year 2024, Oracle posted a total revenue of $12.5 Net income for the quarter rose 56% year-on-year to $2.4 “Generative AI is changing everything.

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CIO Business Intelligence

MARCH 12, 2024

Oracle’s latest financial report boasts substantial increases in revenue, net income, and earnings per share, largely thanks to cloud sales, which the company was quick to credit to the rise of AI. Despite the fact that we are opening new and expanding existing cloud data centers very, very rapidly.”

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CIO Business Intelligence

FEBRUARY 27, 2024

“‘Cloud exit’ became a big theme in 2023 and there’s good odds it’ll turn into a real trend for 2024. The savings are just too big to ignore for a ton of companies,” says David Heinemeier Hansson, the Danish developer of Ruby on Rails and co-owner and CTO of 37signals, which completed a six-month total exit from the cloud last June.

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CIO Business Intelligence

APRIL 29, 2024

In fact, CIOs listed numerous roadblocks to IT strategic success in the 2024 State of the CIO Study from Foundry, publisher of CIO.com. Upskilling takes time, and contracted workers aren’t usually as close to the business as employees. for this year, resulting in a net gain of more than 300,000 new jobs. Last year saw a 1.2%

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